TMW cuts buy-to-let rates by up to 0.30%

The Mortgage Works is reducing rates by up to 0.30 percentage points across selected buy-to-let products for new and existing customers, with rates now starting from 3.69%.

In its new business range, a two-year fixed rate for purchase and remortgage at 65% LTV has reduced to 3.69% with a 3% fee, while the five-year equivalent product is down to 4.04%.

A five-year fixed rate switcher product at 75% LTV is also down by 10bps to 4.14% with a 3% fee.

For limited companies, two-year fixed rates at 75% LTV have reduced by 30bps to 4.99% with a 3% fee and by 20bps to 5.69% with a £3,995 fee.

A two-year switcher product for limited companies has also reduced by 30bps to 6.49%, available up to 75% LTV.

Joe Avarne, senior manager for buy-to-let mortgages at The Mortgage Works, said: “We remain as committed as ever to supporting brokers and landlords, which is why we’re pleased to announce rate cuts across our range.

"Our products are some of the most competitive in the sector and, with rates now starting from 3.69%, these new deals will improve affordability and help widen market access for buy-to-let investors.”