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

The Mortgage Works has reduced rates on selected two and five-year fixed rate products across its mortgage range for new and existing customers.

Standard buy-to-let and limited company buy-to-let products have seen reductions of up to 0.15%.

For buy-to-let, a two-year fixed rate at 65% LTV has reduced to 2.74% with a 3% fee and a five-year fix at 75% LTV is down by 14bps to 3.76% with a 3% fee. Both products are available for new purchase or remortgage customers.

TMW has also reduced a two-year fixed rate switcher mortgage for existing customers, now at 4.49% with no fee, available up to 65% LTV.

In its limited company range, a two-year fixed rate at 75% LTV has reduced to 3.87% and a five-year fix is down to 4.52%, both available for purchase, remortgage and further advance with a 3% fee and free valuation.

In addition, a five-year fixed rate switcher mortgage for existing customers is down by 10bps to 5.09% with no fee, available up to 75% LTV.

Joe Avarne, senior manager at The Mortgage Works, said: “These reductions demonstrate our commitment to offering competitive rates, as we aim to ensure that The Mortgage Works continues to be front of mind for landlords.”