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The Loan Works (TMW) goes to quickly withdraw its vary of constant fee buy-to-let (BTL) mortgages from 3pm lately (28 September).
The specialist lender says the withdrawal is because of the present financial setting and unheard of call for.
Tracker mortgages will stay on sale and TMW says it intends to reintroduce its vary of constant fee BTL mortgages later this week.
TMW head Daniel Clinton says: “Whilst it’s now not our desire, given the present financial setting and critical ranges of call for we’re seeing, we’re quickly taking flight our vary of fixed-rate BTL merchandise and we’ll glance to re-introduce at them on the earliest alternative.”
“We haven’t taken this resolution evenly and thank agents and landlords for his or her endurance.”
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