TMW launches new buy-to-let rates from 2.79%

The Mortgage Works has announced further rate reductions of up to 0.30% on selected buy-to-let and limited company products for new and existing customers. 

The new rates will be effective from tomorrow, Saturday 10th May.

The lender first launched sub-3% buy-to-let rates last week.

Following the latest reductions, two-year fixed rates at 65% LTV start from 2.79% with a 3% fee, available for both purchase and remortgage.

A two-year fixed rate remortgage product at 75% LTV is down by 30bps to 3.29% with a 3% fee with free valuation and free legals.

A limited company buy-to-let two-year fixed rate (available for purchase, remortgage and further advance) has reduced to 4.14% with a 3% fee, available up to 75% LTV.

In TMW's switcher range, two-year fixed rates are down to 4.60% at 65% LTV and 4.79% at 75% LTV, both with no fee.

Joe Avarne, senior manager at The Mortgage Works, said: “We’re pleased that the current environment means we’re able to support landlords with some further rate reductions on selected mortgages from tomorrow.”