The Mortgage Works cuts switcher rates by up to 0.35%

The Mortgage Works is reducing rates by up to 0.35% across selected buy-to-let products for existing customers.

Available from tomorrow, two-year switcher buy-to-let rates are down by up to 0.25%, with 65% LTV rates now available from 3.59% with a 3% fee or 4.89% fee-free. A five-year fixed rate at 65% LTV has also reduced to 3.94% with a 3% fee.

Limited company switcher rates have also reduced, with a two-year fixed rate at 75% LTV down to 5.09%, with a £3,995 product fee. Five-year fixes at 75% LTV have decreased by up to 15bps, starting from 5.29% with a £1,495 fee and 5.64% fee-free.

Switcher buy-to-let HMO rates have reduced by up to 0.35%, with a two-year fixed rate at 75% LTV down to 6.44% with no fee.

Joe Avarne, senior manager at The Mortgage Works, said: “These latest reductions show our ongoing commitment to supporting our existing landlords looking to manage their cashflow through fixed rates.”