Effective tomorrow (13th October), The Mortgage Works (TMW) has reduced rates by up to 0.25 percentage points across its buy-to-let (BTL) switcher range.
The changes include: a 2-year fixed rate at 4.94%, reduced by 0.10%, up to 65% loan-to-value (LTV); a 2-year fixed rate at 5.84%, reduced by 0.25%, up to 65% LTV with a £1,495 fee; a 5-year fixed rate at 4.99%, reduced by 0.20%, up to 55% LTV with a 3% fee; and a 5-year fix at 5.34% with a £1,495 fee, available up to 55% LTV, reduced by 0.10%.
Dan Clinton, head of specialist lending at The Mortgage Works, said: “These rate reductions continue to showcase our commitment to landlords and will improve our competitive position.
“We know these reductions will be welcomed by buy-to-let investors as we work to support landlords looking to manage their cashflow through fixed rates.”
