The Mortgage Works cuts limited company and HMO rates

From tomorrow, The Mortgage Works is reducing rates by up to 0.30 percentage points across its limited company and HMO range for new customers.

Highlights include one and two-year fixed rates, reduced by 30bps to 5.19% at 75% LTV with a 2% and 3% fee respectively.

In addition, a five-year fix at 70% LTV has decreased to 4.89% with a 5% fee.

All products are available for purchase and remortgage.

The latest round of rate cuts follows reductions last week to TMW's limited company and let-to-buy rates.

Daniel Clinton, head of specialist lending at The Mortgage Works, said: “These latest rate cuts demonstrate our commitment to the buy-to-let sector as we continue to offer some of the most competitive rates in the market. This is our fourth reduction in five weeks with these particular reductions focusing on supporting limited company and HMO landlords.”