The Mortgage Works (TMW) will be reducing rates on 1-, 2-, 3- and 5-year fixed rate buy-to-let switcher mortgage products by up to 0.40 percentage points.
Some of these new buy-to-let rates include a 1-year fixed at 3.79% with a 2% fee, available up to 75% loan-to-value (LTV) (reduced by 0.20%).
Additional reductions include a 2-year fixed at 3.99% with a 3% fee, available up to 65% LTV (reduced by 0.40%) and a 5-year fixed at 4.24% with a 3% fee, available up to 65% LTV (reduced by 0.25%).
Daniel Clinton, director of landlord at The Mortgage Works, said: “These rate cuts demonstrate our continued commitment to supporting our existing landlord customers who are coming to the end of their current TMW deal.
“The reductions will mean our buy-to-let switcher range will be even more competitive and a good option for landlords looking to maximise cashflow by helping them manage payments when they finish their existing deal.”
Other rate/fee combinations also available on TMW’s switcher products.
These reductions will take effect from tomorrow, Wednesday the 21st of December.
