From Thursday 14th September, The Mortgage Works will reduce rates by up to 0.50% across selected new business products.
In its buy-to-let (BTL) range, the lender reduced rates by up to 0.40% on selected 1-year, 2-year and 5-year fixed rate products.
This includes 5-year fixed purchase and remortgage rates reduced by 0.15%, to 4.99% up to 55% loan-to-value (LTV), 5.04% up to 65% LTV, and 5.59% up to 75% LTV.
The Mortgage Works also reduced rates on certain let-to-buy and large portfolio products by up to 0.40%, and its house in multiple occupation (HMO) range by up to 0.50% for new customers.
Daniel Clinton, head of specialist lending at The Mortgage Works, said: “We are pleased to announce further rate reductions following a sustained period of stability in the swap rate environment.
“These reductions will be well received by buy to let investors and provide welcomed relief over their repayments.”
