The Mortgage Works cuts buy-to-let rates by up to 0.22%

The Mortgage Works has reduced rates by up to 0.22% on selected one, two and five-year fixed rate products for new and existing customers.

Rate cuts span the lender's buy-to-let, let-to-buy, HMO and limited company buy-to-let ranges.

In its standard buy-to-let range, a five-year fixed rate switcher product has reduced to 4.22% with a 3% fee, available up to 65% LTV.

For remortgage, five-year fixed rates are available at 4.22% with a 3% fee and 4.69% with a £1,495 fee, available up to 65% LTV with a free valuation and free legals.

In TML's limited company buy-to-let range, a five-year fix for purchase or remortgage has reduced to 5.49% with no fee, available up to 75% LTV.

In its existing customer switcher range, limited company two-year fixed rates at 75% LTV are down to 5.44% with a £1,495 fee and 5.94% fee-free.

Keir Fraser, lead manager at The Mortgage Works, said: “We are pleased to announce further rate cuts across our mortgage range, our third set of cuts in the past month. They reinforce our commitment to supporting both individual and limited company landlords, ensuring The Mortgage Works continues to offer products and rates that put it at the forefront of landlords’ minds.”