The Mortgage Works cuts buy-to-let rates by up to 0.50%

The Mortgage Works (TMW) has reduced rates on selected products across its range by up to 0.50 percentage points.

Across its standard buy-to-let range, the largest reduction is to a five-year fixed rate at 75% LTV, now available at 4.19% with a 3% fee. In addition, a two-year fix and five-year fix at 65% LTV have reduced to 3.69% and 3.99% respectively, both with a 3% fee.

For limited company borrowers, rates have been cut by up to 0.25%, including a two-year fix at 4.74% and a five-year fix at 4.94%, both available up to 75% LTV with a 3% fee.

HMO products have been cut by up to 10bps with a two-year fix now starting at 4.49% and a five-year fix at 4.84%, available up to 75% LTV.

Selected let-to-buy products have also reduced by up to 0.50%, with the largest cut to a five-year fixed rate at 75% LTV, now starting at 4.59% for remortgaging.

Selected TMW buy-to-let products also come with either a free valuation, free legals or £400 cashback.

Daniel Clinton, head of specialist lending at The Mortgage Works, said: “We offer a broad range of products to meet the varying needs of landlords. These latest rate reductions apply across the range and demonstrate our commitment to supporting the buy-to-let market with competitive products.”