The Mortgage Works (TMW) will be reducing rates on selected switcher mortgage products by up to 0.20% from tomorrow, Tuesday 19th September 2023.
The new buy-to-let (BTL) rates include: a 2-year fix at 6.09% with a £1,495 fee, available up to 65% loan-to-value (LTV) (reduced by 0.10%); a 3-year fixed at 5.89% with a £1,495 fee, available up to 65% LTV (reduced by 0.10%); and a 5-year fixed at 5.49% with a £1,495 fee, available up to 65% LTV (reduced by 0.15%).
Other rate and fee combinations also available on TMW’s switcher products.
Dan Clinton, director of landlord at The Mortgage Works, said: “We are continually looking to support our existing landlords with competitive rates.
“These reductions will be well received by our existing landlords and provide welcome relief over their repayments as they look to manage their cashflow.”
