TMW withdraws tracker deals - Mortgage Strategy

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The Mortgage Works is removing all its tracker products from sale tomorrow for both new and existing customers.

The specialist buy-to-let arm of Nationwide Building Society emailed brokers this afternoon to say that current deals will remain available for full mortgage applications until 8pm today.

The lender has not said when it plans to bring new tracker products back to the market.

Last month TMW relaunched several two-year tracker deals after previously pulling them from sale.

The lender also repriced a wide range of products with some rates reducing by 10 basis points and others increasing by as much as 70 bps. 

Other buy-to-let lenders have been gradually re-introducing products.

Foundation Home Loans launched a number of deals for houses in multiple occupation earlier today.

Fleet and Zephyr last week returned to buy-to-let lending up to 75 per cent loan-to-value.


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