On Saturday 29th July, The Mortgage Works (TMW) will be reducing selected buy-to-let (BTL) rates across its switcher range by up to 0.85% for existing customers.
There will be changes across selected 2-year, 3-year, 5-year and 10-year fixed rate products within the range, with reductions of up to 0.85%.
This includes a 2-year fixed rate at 4.99% with a 3% fee, available up to 55% loan-to-value (LTV) (reduced by 0.85%), a 3-year fixed rate at 5.29% with a 3% fee, available up to 65% LTV (reduced by 0.70%), and a 5-year fixed rate at 5.34% with a 3% fee, available up to 75% LTV (reduced by 0.40%).
Other reductions include a 10-year fixed rate at 5.49% with a fee of £1,495 available up to 75% LTV (reduced by 0.45%), and a 2-year tracker rate at 5.04% with a 3% fee available up to 65% LTV (reduced by 0.05%).
Dan Clinton, head of specialist lending at The Mortgage Works, said: “As one of the UK’s leading buy-to-let lenders, TMW offers landlords a broad range of options to meet their varying needs.
“These latest rate reductions showcase our continued commitment and support to our existing customers helping them to manage their finances through our competitive rates.”
