The Mortgage Works will be reducing rates by up to 0.55% across selected buy-to-let products for new and existing customers, effective from Thursday 3rd October.
New customer buy-to-let rate reductions include a 2-year fixed rate remortgage at 3.59% with a 3% fee available up to 65% LTV, which is a reduction of 0.25%.
Another option is a 2-year fixed rate at 3.84% (remortgage) with a £3,995 fee, also available up to 65% LTV, reduced by 0.25%.
A 5-year fixed rate at 3.79% (remortgage) with a 3% fee available up to 75% LTV has been reduced by 0.10%.
Switcher buy-to-let rates have also been reduced, including a 2-year fixed rate at 3.59% with a 3% fee available up to 65% LTV, reduced by 0.20%.
Other options include a 3-year fixed rate at 3.74% with a 3% fee available up to 65% LTV, reduced by 0.10%, and a 5-year fixed rate at 3.74% with a 3% fee available up to 65% LTV, also reduced by 0.10%.
There is another option for a 2-year fixed rate at 3.84% with a £3,995 fee available up to 65% LTV, which is reduced by 0.55%.
Joe Avarne, senior manager at The Mortgage Works, said: “We are making further rate cuts to ensure that The Mortgage Works continues to be front of mind for new and existing customers when they are coming to the end of their current deal.”
