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New buy-to-let home loan from Mortgage Works

6 January 2005

The Mortgage Works has launched a two-year fixed rate buy-to-let mortgage with Mortgage Intelligence.

Priced at a rate of 5.44 per cent, it is available with immediate effect to Mortgage Intelligence members.

Commenting on the new deal, Paul Howard, of Portman Group, said the product "supported by our unique lending criteria, makes a compelling deal for all landlords".

"We are delighted to be distributing the product exclusively via Mortgage Intelligence and are confident it will prove attractive with intermediaries and their clients," he added.

Sally Laker, managing director of Mortgage Intelligence, praised the new product, decribing it as "exactly what we need to kick start the New Year buy-to-let market".

"There has been a demand from our members for a two-year attractive fixed rate deal with no overhang and The Mortgage Works have priced this at a very attractive rate," she continued.

Mortgage Works is just one of a number of lenders that is refreshing its mortgage range for 2005, with the Skipton and Britannia also involved in the 'January sales'.