TMW cuts buy-to-let rates for third time in June

The Mortgage Works has reduced rates by up to 0.25% on selected one, two and five-year fixed rate products. This is the third time that The Mortgage Works has cut rates this month.

The latest rate cuts, for new customers, will be across The Mortgage Works’ buy-to-let and limited company buy-to-let ranges.

For buy-to-let purchase or remortgage, a two-year fix has reduced to 3.19% and a five-year fix to 3.99%, both available up to 65% LTV with a 3% fee.

In the lender's limited company range, a two-year fix is down by 0.25% to 4.09% up to 75% LTV. The product is available for purchase, remortgage and further advance with a free valuation and 3% fee.

Dan Clinton, head of buy-to-let at The Mortgage Works, said: “We’re making further rate cuts across our mortgage range – our third set of rate cuts in June – as part of our ongoing commitment to supporting individual and limited company landlords. 

"Cost pressures remain a concern and these latest changes will help manage those challenges while reinforcing The Mortgage Works as a leading choice for landlords.”