The Mortgage Works reduces switcher rates

The Mortgage Works is reducing rates on selected two and three-year fixed rate switcher mortgage products by up to 0.35% from Saturday 28th January.

The new buy-to-let switcher rates include a two-year fix at 5.04% with a £1,495 fee, available up to 65% LTV.

Also available is a three-year fixed rate at 4.24% with a 3% fee, available up to 65% LTV.

Other rate/fee combinations are also available on TMW’s switcher products.

Dan Clinton, director of landlord at The Mortgage Works, said: “We are continually looking to support our existing landlords with competitive rates as they look to manage their cashflow in the challenging environment.

"That is why we are making further reductions to the rates on our buy-to-let switcher products, which will ensure our range remains front of mind when landlords are coming to the end of their existing deal.”