The Mortgage Works (TMW) is going to temporarily withdraw its range of fixed rate buy-to-let (BTL) mortgages from 3pm today (28 September).
The specialist lender says the withdrawal is due to the current economic environment and unprecedented demand.
Tracker mortgages will remain on sale and TMW says it intends to reintroduce its range of fixed rate BTL mortgages later this week.
TMW head Daniel Clinton says: “While it’s not our preference, given the current economic environment and significant levels of demand we are seeing, we are temporarily withdrawing our range of fixed-rate BTL products and we’ll look to re-introduce at them at the earliest opportunity.”
“We haven’t taken this decision lightly and thank brokers and landlords for their patience.”
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