The Mortgage Works (TMW) will be reducing rates on selected switcher mortgage products by up to 0.20% from tomorrow (Wednesday 17th July 2024) with rates starting from 3.89%
The new buy-to-let switcher rates include a 2-year fixed at 3.89% with a 3% fee, available up to 65% loan-to-value (LTV) and a 3-year fixed at 3.99% with a 3% fee, available up to 65% LTV.
Additional new rates include a 5-year fixed at 3.99% with a 3% fee, available up to 65% LTV and a 5-year fixed at 4.24% with a £3,995 fee, available up to 65% LTV.
Joe Avarne, senior manager, buy-to-let mortgages at The Mortgage Works, said: “We are continually looking to support our existing landlords and with rates now starting from 3.89% these latest reductions will provide some welcomed relief by lowering repayments and supporting their cashflow.”
