Mortgage Works Toughens Up On Special Offers

For those of us who have always thought that 'special offers' from property developers are largely a rip-off, there is evidence from the professionals that we were not wrong. Buy-to-let lender The Mortgage Works has announced that it is not accepting any new applications for buy-to-let mortgages on newly built properties. From now the lender will only accept buy-to-let applications on properties aged over one year. All current applications in the pipeline will be honoured, and the change only affects new buy-to-let mortgage applications.