The Mortgage Works cuts switcher rates
The reductions include five-year fixed rate limited company and HMO rates.
"We are making further reductions to the rates on our buy-to-let switcher products"
The Mortgage Works has reduced rates on selected five-year rate switcher mortgage products by up to 0.10%.
For limited company and HMO rates, including large portfolio HMOs, five-year fixes have reduced by 10bps to 5.09% with a 3% fee, available up to 75% LTV.
Other rate/fee combinations also available on TMW’s switcher products.
Last week, TMW reduced selected two and five-year fixed buy-to-let rates by up to 0.30%.
Dan Clinton, director of landlord at The Mortgage Works, said: “We are making further reductions to the rates on our buy-to-let switcher products, which will ensure our range remains front of mind and a competitive option for landlords coming to the end of their existing deal.”
