The Mortgage Works will cut switcher rates by up to 0.30% across selected buy-to-let (BTL) products for existing customers, with the rates starting from tomorrow, 17th July.
Switchers will see the 2-year fixed rate at 2.78% with a 3% fee available up to 65% loan-to-value (LTV), down by 0.21%.
Another 2-year fixed rate is set at 3.99% with a £1,495 fee up to 65% LTV, reduced by 0.13%.
The same product without a fee is now 4.54%, also up to 65% LTV, down by 0.06%.
For limited companies, the 2-year fixed rate is at 4.04% with a 3% fee up to 75% LTV, down by 0.10%.
The rate at 5.14% with a £1,495 fee up to 75% LTV is down by 0.20%.
The 5-year fixed rate is now 4.69% with a 3% fee up to 75% LTV, down by 0.10%.
Joe Avarne, senior manager at The Mortgage Works, said: “These latest reductions show our ongoing commitment to supporting our landlords.”
