The Mortgage Works 'aims to offer choice'

Date:Wednesday 13th October 2010
Author: Susanna Kavka

Landlords are being offered a greater level of choice in terms of buy-to-let deals thanks to The Mortgage Works, according to a source at the firm.

Tracie Pearce, head of products at the organisation, explained that the company has reaffirmed its commitment to helping such clients by reducing the interest rates on several fixed-rate arrangements.

"We know that throughout these challenging times, landlords want a greater choice of competitive products and these new enhancements will do just this," she said.

Another alteration to the range offered by The Mortgage Works is the addition of a new First Time Landlord deal at 4.89 per cent interest and a Let-to-Buy arrangement at the same rate.

In Ms Pearce's view, these amendments should make it easier for landlords to secure finance for properties.

The Mortgage Works recently announced that it has opened up the prospect of clients taking on tracker deals by offering a Switch to Fix service.