The Mortgage Works cuts buy-to-let rates by up to 0.40%

The Mortgage Works has reduced rates on selected buy-to-let and limited company products by up to 0.40%.

Selected five-year fixed rate buy-to-let rates have reduced by up to 0.15%.

Available for purchase and remortgage, five-year fixes are now available at 3.99% up to 55% LTV with a 3% fee, 4.04% up to 65% LTV with a 3% fee, and 4.59% at 65% LTV with no fee.

Selected limited company rates have also reduced by 0.40%. Highlights include a two-year fixed rate at 75% LTV, down by 40bps to 4.99% with a 3% fee, available for purchase and remortgage.

Dan Clinton, head of specialist lending at The Mortgage Works, said: “As one of the UK’s leading buy-to-let lenders, we continue to support landlords with a range of product options.

"We know that rate is a key consideration for those in the buy-to-let and limited company market as they try to manage their finances through fixed rates. The current environment means we’re pleased to be able to make reductions on selected mortgages.”