Effective from Saturday 15th March, The Mortgage Works will be reducing rates by up to 0.30% across selected buy-to-let products for new customers with rates starting from 3.24%.
New business reduced rates include a 2-year fixed rate (for purchase and remortgage) at 3.24% with a 3% fee, available up to 65% loan-to-value (LTV) reduced by 0.15%, along with a 2-year fixed rate (remortgage only) at 3.54% with a 3% fee, available up to 65% LTV reduced by 0.20%.
In addition, the lender has intorduced a 2-year fixed rate (remortgage only) at 4.84% with no fee, available up to 65% LTV.
Joe Avarne, senior manager at The Mortgage Works, said: “With rates starting from 3.24% these latest reductions from The Mortgage Works will help widen market access for buy to let investors.”
