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

The Mortgage Works has reduced rates by up to 0.26% on selected two, three and five-year fixed rate products for new and existing customers.

Reductions apply across The Mortgage Works’ buy-to-let and limited company buy-to-let ranges.

Rate cuts include a two-year fixed rate limited company buy-to-let mortgage at 4.98% (reduced by 0.26%) with a £3,995 fee, available up to 75% LTV. The product is available for purchase, remortgage and further advance and comes with a free valuation.

In TMW's standard buy-to-let range, a two-year fixed rate remortgage product has reduced to 3.49% at 65% LTV, with a 3% fee, free valuation and free legals.

In addition, a two-year fixed rate switcher product has also reduced to 3.49% with a 3% fee, available up to 65% LTV.

Keir Fraser, lead manager at The Mortgage Works, said: “We’re making further rate cuts across our mortgage range as part of our ongoing commitment to supporting individual and limited company landlords. We remain focused on maintaining a comprehensive product offering and will continue to review our range to ensure we are meeting the needs of our customers.”