Effective from tomorrow (Wednesday 10th July), The Mortgage Works (TMW) is reducing its rates by up to 0.25% on new business limited company 5-year buy-to-let (BTL) products, with rates starting from 4.84%.
New business limited company reduced rates include a BTL 5-year fixed rate at 4.84% with a 5% fee, available up to 70% loan-to-value LTV, and a BTL 5-year fixed rate at 5.54% with a £3,995 fee, available up to 75% LTV.
A BTL 5-year fixed rate product at 5.84% up to 75% LTV will also be available.
Joe Avarne, senior manager, buy-to-let mortgages at The Mortgage Works, said: “We remain as committed as ever to supporting brokers and landlords, which is why we’re pleased to announce rate cuts on selected products across our limited company range.
“Our products are some of the most competitive in the sector, and with rates now starting from 4.84%, these new deals will serve to improve affordability and help widen market access for buy to let investors.”
