The Mortgage Works (TMW) is reducing selected 2- and 5-year fixed buy-to-let rates by up to 0.30% as of tomorrow (23rd February).
Limited company products see the Society offer a 5-year fixed rate (purchase only) at 4.99% and a 2-year fixed rate (purchase only) at 4.79%; both come with a 3% fee and are available up to 75% loan-to-value (LTV).
On the HMO front there are reductions across selected 2- and 5-year fixed rate products of up to 0.25%.
Its large portfolio HMO 5-year fixed rate reduced by 0.20% to 4.99% with a 3% fee, available up to 75% LTV.
TMW’s Limited Company buy-to-let products come with free valuation and also include free legal options for Remortgage.
Daniel Clinton, head of specialist lending at The Mortgage Works, said: “These latest changes ensure that TMW remains a competitive option for landlords, particularly in the HMO and limited company market.
“Our biggest rate cuts this time will be across our limited company mortgages, as we look to support an important and growing part of the buy-to-let sector with very competitive rates.”
