The Mortgage Works buy-to-let mortgages 'offer added choice'

Date:Friday 1st October 2010
Author: Max Freedman

Landlords can benefit from greater choice in their finance options thanks to changes to The Mortgage Works buy-to-let mortgages, according to a source from the firm.

Tracie Pearce, heads of products at the company, hailed the organisation's commitment to prudent lending and suggested brokers and their clients could benefit.

She said: "By making these changes, we believe The Mortgage Works is providing intermediaries access to an increased choice of creative and flexible mortgage solutions."

Her comments were made after several new The Mortgage Works buy-to-let mortgages were introduced, including the 60 per cent loan-to-value (LTV) Light Refurbishment Plus and a variety of fixed-rate and tracker deals for 75 per cent LTV deals.

The company also revealed that the interest rates on a number of its products have been cut by 0.3 percentage points.

This month, it unveiled the 75 per cent LTV First Time Landlord arrangement, which includes the possibility of £1,000 cashback for clients.