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Mortgage Works (TMW) is cutting rates on select five-year mortgage products to 0.10% effective tomorrow, February 25th.
Rates on certain 5-year fixed rate limited liability deals up to 75% LTV will be 5.09% from tomorrow after a 0.10% cut. Fees of 3% apply.
Certain products for HMOs (multi-family housing) and large portfolio HMOs will also be reduced by 0.10% to 5.09%. They are also available up to 75% LTV and have a 3% commission.
TMW landlord director Dan Clinton says, “We are continuing to cut rates on our rental circuit breakers to ensure our range remains a focus and a competitive option for landlords nearing completion of their existing deal. “.
These rate cuts follow earlier cuts that The Mortgage Works announced on Wednesday.
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