The Mortgage Works cuts limited company and let-to-buy rates

The Mortgage Works has reduced rates by up to 0.20% across its limited company range for new and existing customers and let-to-buy range for new customers.

Five-year fixed rate limited company products now start from 4.99% with a 5% fee at 70% LTV and 5.54% with a 3% fee at 75% LTV, both available for purchase and remortage.

In addition, a five-year switcher product has reduced by 20bps to 5.09% with a 5% fee at 70% LTV.

In its let-to-buy range, two-year fixed rate remortgage products have reduced by 20bps to 4.84% up to 65% LTV and to 4.99% up to 75% LTV, both with a 3% fee. A five-year fixed rate remortgage product has also reduced by 20bps to 4.69%, available up to 65% LTV with a 3% fee.

Daniel Clinton, head of specialist lending at The Mortgage Works, said: “We’ve made a number of rate reductions over the last couple of months to ensure that TMW remains one of the most competitive mortgage providers for all types of landlords.

“These latest rate changes are focused on ensuring we are supporting the limited company market with rates starting from 4.99% and let-to-buy market with a range of competitive products to help those landlords manage their finances through fixed rates.”