Effective from Sunday 28th October, The Mortgage Works (TMW) has reduced rates by up to 0.50 percentage points on the majority of its buy-to-let (BTL) products.
TMW changed rates for both new and existing customers, with BTL products now starting from 4.49%.
Highlights include: a 2-year fixed purchase and remortgage rate at 4.49% with a 3% fee, up to 65% loan-to-value (LTV), reduced by 0.25%; a 5-year fixed purchase and remortgage rate at 4.99%, with a £1,495 fee up to 55% LTV, reduced by 0.15%; and a 3-year fixed switcher rate at 4.84% with a 3% fee, up to 65% LTV, reduced by 0.40%.
Daniel Clinton, head of specialist lending at The Mortgage Works, said: “We remain as committed as ever to supporting brokers and landlords in the current market, which is why we’re pleased to announce more rate cuts across our range.
“Our products are some of the most competitive in the sector and, with rates now starting from 4.49%, these new deals will provide better cashflow opportunities for landlords.
“Moreover, with affordability linked to pay rates, these reduced rates will serve to improve affordability and help widen market access for buy to let investors.”
