The Mortgage Works cuts limited company buy-to-let rates
The reductions apply to new business and rate switcher products.
The Mortgage Works is cutting rates by up to 0.20% on selected two and five-year fixed rate products for new and existing customers across its limited company buy-to-let range.
In its new business range, two-year fixed rates have reduced to 3.74% with a 3% fee and 4.74% with a £1,495 fee. A five-year fix is down to 4.97% with no fee.
All products are available for purchase, remortgage and further advance and are available up to 75% LTV with free valuation.
In its rate switcher range for existing limited company borrowers, two-year fixed rates have decreased to 3.74% with a 3% fee and 5.29% fee-free, with a five-year fix down to 4.79% with a £1,495 fee. All products are available up to 75% LTV.
Keir Fraser, lead manager at The Mortgage Works, said: “The Mortgage Works has been supporting the limited company buy-to-let market since 2018. We’re delighted to be making these latest rate cuts as we continue to focus on offering limited company landlords a competitive range of products.”
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