The Mortgage Works cuts rates and launches new two-year trackers

The Mortgage Works has introduced new two-year tracker products to its buy-to-let range as well as cutting rates on selected two, three and five-year fixed rate products for new and existing customers.

New two-year trackers start from 4.19% for purchase and remortgage up to 65% LTV with a 1% fee and free valuation.

TMW has also reduced rates by up to 0.15% points on selected two, three and five-year fixed rate products across its buy-to-let and let-to-buy ranges.

Five-year fixes have reduced to 4.39% with a 3% fee at 75% LTV and to 4.97% fee-free at 65% LTV.

In the lender's switcher range, a five-year fix is down to 4.29% with a 3% fee at 65% LTV and a two-year fix is available at 5.27% up to 75% LTV with no fee.

Keir Fraser, lead manager at The Mortgage Works, said: “These latest cuts across our buy-to-let range are a welcome boost for landlords, especially at a time when cost pressures continue to remain front of mind. We also want to ensure landlords have choice and flexibility when they are financing their properties, which is why we’ve introduced a variety of new tracker product options. 

"All our tracker products come with a ‘switch to fixed’ option, which allows for customers to change to a fixed deal at any time, with no early repayment charge, offering security and flexibility.”