The Mortgage Works (TMW) will reduce a selection of buy-to-let mortgage rates for both new and existing customers from tomorrow, Thursday 6th November, with cuts of up to 0.30% and new rates starting from 2.64%.
For new business, reductions include a 2-year fixed rate at 2.64% with a 3% fee up to 65% loan-to-value (LTV), and a 5-year fixed rate for remortgage customers at 4.27% with a £1,495 fee up to 75% LTV, which comes with free valuation and free legals.
TMW is also lowering its 2-year fixed house in multiple occupation (HMO) rate to 4.09% with a 3% fee up to 75% LTV.
Existing customers switching products will also see rate cuts, with a 2-year fixed rate at 3.89% with a £1,495 fee up to 65% LTV and a 2-year fixed rate at 4.09% with a £1,495 fee up to 75% LTV.
The HMO 2-year fixed switcher rate will fall to 5.09% with a £1,495 fee up to 75% LTV.
Joe Avarne, senior manager at The Mortgage Works, said: “We are pleased to announce further rate cuts to demonstrate our ongoing commitment to brokers and landlords.
“These latest reductions make us one of the most competitive providers of buy-to-let mortgages in the sector.”
