Effective tomorrow (Thursday 26th September), The Mortgage Works will reduce rates by up to 0.35% across selected buy-to-let (BTL) products for new customers, with rates starting from 3.49%.
The new business reduced rates include a 5-year fixed rate for purchase and remortgage at 3.69% with a 3% fee, available up to 65% loan-to-value (LTV) – reduced by 0.10%.
The 2-year fixed rate for purchase and remortgage is now at 3.99% with a £3,995 fee, available up to 65% LTV, reduced by 0.35%.
Additionally, there is a 5-year fixed rate for purchase and remortgage at 3.99% with a £3,995 fee, also available up to 65% LTV, reduced by 0.15%.
Joe Avarne, senior manager, buy-to-let mortgages at The Mortgage Works, said: “With rates starting from 3.49%, these latest reductions from The Mortgage Works will help widen market access for buy-to-let investors.”
