Mortgage Works products launched

Date:Wednesday 21st January 2009
Author: Max Freedman

New products have been launched by The Mortgage Works, the lender has announced.

Two of the mortgage deals are fixed-rate and available on buy-to-let offers.

One of them, available for a loan-to-value (LTV) of up to 70 per cent, is a three-year product with a mortgage rate of 4.79 per cent.

It also has a fee of 3.5 per cent.

In addition, there is a five-year deal for LTVs of up to 60 per cent.

The Mortgage Works has also launched a remortgage product, also for buy-to-let customers and at a fixed rate of 5.34 per cent.

A five-year deal, it is available for an LTV of up to 60 per cent.

Last week, The Mortgage Works made changes to its product range in light of the base rate reduction.

Andy McQueen, managing director, said the deals could be beneficial for landlords wanting to keep their payments stable.