The Mortgage Works (TMW) has made changes to its mortgage range, including adding a series of stepped buy-to-let tracker products.

 

Rates start from Bank of England Base Rate + 4.14% (4.64%), stepping down to Bank of England Base Rate + 2.14% (2.64%) in the second year. 

 

Other changes include the Let to Buy range extended to 70% LTV from 65% and the introduction of a new two-year tracker rate at 3.99%, with a 3.50% fee.

 

There is also a new one-year buy-to-let fixed rate at 3.99%, with a 3% fee. The three-year buy-to-let fixed rate with 1.50% fee has been reduced from 6.24% to 5.99%.

 

Tracie Pearce, strategic product marketing manager, The Mortgage Works said: "We want to offer our customers choice and flexibility when choosing a mortgage product. These [stepped buy-to-let tracker] products are unique to the buy-to-let market, designed to help landlords budget against potential Base Rate increases."