As of tomorrow, Tuesday 28 November, The Mortgage Works (TMW) will be reducing rates by up to 0.30% across its limited company and house in multiple occupation (HMO) range for new customers.
The limited company rate reductions includes a 1-year fixed rate (purchase and remortgage) at 5.19% with a 2% fee, available up to 75% loan-to-value (LTV) and a 2-year fixed rate (purchase and remortgage) at 5.19% with a 3% fee, available up to 75% LTV.
In addition, the new range includes a 5-year fixed rate (purchase and remortgage) at 4.89% with a 5% fee, available up to 70% LTV.
Daniel Clinton, head of specialist lending at The Mortgage Works, said: “These latest rate cuts demonstrate our commitment to the buy-to-let sector as we continue to offer some of the most competitive rates in the market.
“This is our fourth reduction in five weeks with these particular reductions focusing on supporting Limited Company and HMO landlords.”
