The Mortgage Works re-enter limited company mortgage market
The Mortgage Works (TMW) has re-entered the limited company buy-to-let market after a seven-year absence.
Trinity Financial has secured access to the lenders pilot scheme, which enables a limited number of brokers to access the mortgages for properties in England, Wales and Scotland.
Applicants will need a 25 per cent deposit to qualify for TMW's limited company mortgages and there is a free standard property valuation. The arrangement fees range between £0 and £1,995.
The lender will only consider providing mortgages to Special Purpose Vehicles with up to two directors.
Aaron Strutt, product director at Trinity Financial, says: “More of the lenders are offering limited company buy-to-let mortgages although TMW is one of the major players in the buy-to-let market.
“Limited company rates tend to be more expensive than the standard buy-to-let deals, but if more lenders enter this market the increased competition may improve pricing.”
The Mortgage Works previously offered limited company mortgages in July 2011.
Call Trinity Financial on 020 7016 0790 to secure a buy-to-let or limited company mortgage
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