The Mortgage Works cuts buy-to-let rates by up to 0.30%

The Mortgage Works has reduced selected two and five-year fixed buy-to-let rates by up to 0.30%.

Limited company rates have reduced by up to 30bps, with a two-year fixed rate now starting at 4.79% and a five-year fix at 4.99%, both available up to 75% LTV with a 3% fee.

HMO products have been reduced up to 0.25%, including a two-year fix at 4.59% and a five-year fix at 4.94%, both at 75% LTV with a 3% fee.

In addition, a large portfolio HMO five-year fixed rate has reduced by 0.20% to 4.99% with a 3% fee.

TMW’s limited company buy-to-let products come with free valuation and also include free legal options for remortgages.

Daniel Clinton, head of specialist lending at The Mortgage Works, said: “These latest changes ensure that TMW remains a competitive option for landlords, particularly in the HMO and limited company market. Our biggest rate cuts this time will be across our limited company mortgages, as we look to support an important and growing part of the buy-to-let sector with very competitive rates.”