New products launched by The Mortgage Works

Date:Tuesday 16th February 2010
Author: Susanna Kavka

A new range of mortgages has been made available by The Mortgage Works, including buy-to-let tracker products.

The buy-to-let tracker mortgages come with a switch feature, which enables customers to change to a fixed-rate at any time without incurring an early repayment charge.

Tracker products are available with a rate currently standing at 3.24 per cent, which comprises of the Bank of England base rate plus 2.74 per cent. They are on offer with a loan-to-value of up to 70 per cent.

Tracie Pearce, head of products at The Mortgage Works, said: "Switch to Fix propositions are designed to give customers flexibility over their borrowing, which means giving them more control and more chance of finding the perfect product for their needs."

Earlier this month, the company also released a range of buy-to-let stepped tracker products with a starting rate of 4.64 per cent, stepping down to 2.64 per cent in the second year of the loan.