The Mortgage Works is set to lower rates on selected 2- and 5-year fixed rate products across its buy-to-let, limited company buy-to-let and let-to-buy mortgage ranges – with rates starting from 2.99%.
The new rates are effective from tomorrow, Thursday 1st May.
Reduced rates include a buy-to-let 2-year fixed rate at 2.99% with a 3% fee, available up to 65% loan-to- value (LTV) reduced by 0.15%, as well as a buy-to-let 5-year fixed rate at 3.74% with a 3% fee, available up to 65% LTV reduced by 0.10%.
In addition, the lender is also offering a limited company buy-to-let 5-year fixed rate at 4.84% with a 3% fee, available up to 75% LTV reduced by 0.10%, with a free valuation.
A limited company buy-to-let 2-year fixed rate at 4.99% with a £3,995 fee, available up to 75% LTV reduced by 0.20% with a free valuation will also be available.
Joe Avarne, senior manager at The Mortgage Works, said: “We are pleased to announce these latest changes and the introduction of our lowest headline rate for nearly three years will be welcome news for brokers and landlords alike.”
