Following the news of a resumption of new lending from Paragon Mortgages, an announcement from The Mortgage Works (TMW) conforms that they are introducing a new set of buy-to-let products including:

New one and two-year tracker mortgages at 70% LTV, with rates starting at 3.39%.
A two-year fixed rate option with 0% arrangement fee now available at up to 70% LTV.
The expansion of the longer term product range with the introduction of a four-year fixed rate, up to 75% LTV and a five-year fixed rate, up to 80% LTV.
The introduction of a £1,000 cashback option for HMO applications.
One-year fixed and tracker remortgages options at 70% LTV, now available at 3.99%, with free standard valuation and standard legal fees.
Tracker rates improved by up to 0.15% across the range.
A free standard valuation option available for house purchase customers when they select TMW’s two-year fixed rate mortgage at 60% LTV with a 0% arrangement fee.
Significant rate improvements across all HMO and Limited Company products.

Tracie Pearce, head of products for The Mortgage Works, said: “We are committed to considering the challenges that landlords face both now and in the future, and we are continually looking for ways to provide landlords with a greater choice of innovative and common sense alternatives.

’With new providers entering the market recently, our aim is to remain one of the leading players and provide one of the most competitive offerings in the market, which these new changes will help us to achieve.”