The Mortgage Works announces further cuts to buy-to-let rates

The Mortgage Works (TMW) is reducing selected buy-to-let rates for new customers by up to 0.10%, with rates starting from 3.49%. 

Available from tomorrow, new business buy-to-let rates include a two-year fixed rate at 4.64% and a five-year fix at 4.29%, both available for purchase and remortgage up to 75% LTV with a £1,495 fee.

New business limited company buy-to-let rates include a two-year fixed rate for purchase, remortgage and further advance, available at 4.79% up to 75% LTV with a 3% fee.   

Joe Avarne, senior manager for buy-to-let mortgages at The Mortgage Works, said: “The Mortgage Works is committed to providing landlords and brokers a broad range of options to meet their varying needs. 

"These latest reductions continue to make The Mortgage Works one of the most competitive providers of buy-to-let mortgages in the sector with rates starting from 3.49%.”