The Mortgage Works launches new range with rates from 3.49%

The Mortgage Works (TMW) has reduced rates by up to 0.45 percentage points across its product range, with rates now starting from 3.49%.

Two-year fixed rates now start from 3.49% at 65% LTV with a 3% fee.

A two-year fixed rate for limited company houses in multiple occupation (HMO) has reduced by 45bps to 4.94% with a 3% fee, available up to 75% LTV.

Five-year fixed rate limited company buy-to-let products have reduced by 25bps to 4.59% at 70% LTV with a 5% fee, and by 30bps to 4.99% at 75% LTV with a 3% fee.

All products are available for purchase and remortgage.

Joe Avarne, senior manager for buy-to-let mortgages at The Mortgage Works, said: “We are pleased to announce more rate cuts as it further demonstrates our ongoing commitment to brokers and landlords. These latest reductions make us one of the most competitive buy-to-let mortgage lenders in the sector with rates now starting from 3.49%.”