TMW reduces rates for limited company and HMO BTL products
Including standard Buy to Let, First Time Landlords and Houses in Multiple Occupation for new and existing borrowers and a range of products for Limited Company and Portfolio clients. Let to Buy mortgages Ideal for first time or experienced landlord applicants looking to remortgage their existing residential properties as a Buy to Let.
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The TMW fixed rate two-year limited company products will be cut by up to 0.2 per cent. Two- and five-year limited company house of multiple occupation (HMO) options will be reduced by up to 0.3 per cent.
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Rates for Limited Company HMO Products Reduced by The Mortgage Works Jun 14, 2019 | HMO Mortgage News , HMO Mortgages The Mortgage Works now offers a two-year fixed limited company mortgage at 75% loan-to-value (LTV) at 2.84% with a 1,995 fee or a fee-free deal at 3.29%.
Crunch time looming for interest-only borrowers Ticking time bomb of interest-only mortgages. Around a fifth of all outstanding residential mortgages in the UK are interest-only, according to the Council of Mortgage Lenders, which estimates that about 1.9m borrowers are just paying off the interest on their debts without making a dent in the underlying capital.
TMW, the UK’s second-largest buy-to-let lender, pays a gross proc fee of 0.5 per cent to mortgage clubs and networks for buy-to-let business. But mortgage strategy understands that from early May, it.
The Mortgage Works has reduced rates on selected products in its limited company mortgage range. Rates for the fixed rate two-year limited company products are being cut by up to 0.20 percentage points and reduced on two and five-year limited company fixed rate for House of Multiple Occupation (HMO) mortgage options by up to 0.30 percentage points.
Rates on both have been cut from 3.85 per cent. Arrangement fees up to 75 per cent on standard products have been reduced. for a first-time HMO purchase has been cut from 24 to 12 months.
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TMW reduces rates for limited company and HMO BTL products The mortgage works (tmw) has cut limited company and HMO buy-to-let mortgage rates. TMW is offering a two-year fixed limited company mortgage at 75% loan-to-value (LTV) at 2.84% with a £1,995 fee, or a fee-free deal at 3.29%.
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