The Mortgage Works cuts switcher rates by up to 0.30%
Standard buy-to-let switcher rates now start from 2.78%.
The Mortgage Works has reduced rates by up to 0.30% across selected buy-to-let products for existing customers.
Two-year fixed rates at 65% LTV have reduced to 2.78% with a 3% product fee fee, 3.99% with a £1,495 fee and 4.54% fee-free.
For limited company buy-to-let, two-year switcher rates at 75% LTV have reduced to 4.04% with a 3% product fee and 5.14% with a £1,495 fee. A five-year rate at 75% LTV has also reduced to 4.69% with a 3% fee.
Joe Avarne, senior manager at The Mortgage Works, said: “These latest reductions show our ongoing commitment to supporting our landlords.”
Last month, The Mortgage Works reduced its stress rate by 0.50% on new buy-to-let applications up to 65% LTV.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Blogs
Angela Norman: Mid-year commercial market review
Santander
Santander to acquire TSB in £2.65bn deal
Bank Of England
Bank of England issues first-of-its-kind fine of £11.9m
Regulation
Lenders urged to prepare for court ruling on commissions as motor finance complaints surge
Financial Conduct Authority
FCA moves ahead with targeted support in 'transformational' advice reforms
Mortgages
FCA and PRA remove 15% LTI cap for mortgage lenders
