mortgage works

The Mortgage Works reduces mortgage rates across BTL products

On Wednesday 15 November, The Mortgage Works (TMW) will be reducing its rates by up to 0.30% across the majority of its buy-to-let products for new and existing customers, with rates starting from 4.34%.

The reduced rates include a 2-year fixed rate (purchase and remortage) at 4.34% with a 3% fee, available up to 65% loan-to-value (LTV), a 5-year fixed rate (purchase and remortgage) at 4.49% with a 3% fee, available up to 55% LTV and a 2-year fixed switcher rate at 5.49% with a £1,495 fee, available up to 65% LTV.

Daniel Clinton, head of specialist lending at The Mortgage Works, said: “We are extremely pleased to announce further rate cuts to demonstrate our ongoing commitment to landlords.

“These build on recent enhancements to our proposition, including increasing our maximum loan to value to 75% across a landlord’s portfolio.

“At time where interest rates are pivotal to the short-term profitability of buy to let, we’re proud to offer a suite of fixed rate options below 4.50%, with rates starting as low as 4.34%.”