The Mortgage Works (TMW) is reducing selected limited company buy-to-let rates by up to 0.55%.
The new limited company rates include:
5-year fixed at 75% at 3.19% with a £1,995 fee
5-year fixed at 75% at 3.24% with a £995 fee
5-year fixed at 75% at 3.47% with no fee
The above are available for purchase and remortgage with other rate/fee combinations also available.
Following the recent increase in Bank Rate to 1.00%, tracker rates will also be increasing by 0.25%
Daniel Clinton, head of The Mortgage Works, said: “These latest changes see us making reductions to our range of limited company mortgages, which is an important and growing segment of the market.
“Many landlords are increasingly choosing to expand their portfolio in this way following the changes to tax relief on individual ownership.”
