The Mortgage Works will be cutting rates on selected buy-to-let and limited company products for new and existing customers by up to 0.30%.
The new rates will be effective from tomorrow, Saturday 10 April.
It’s new business rate reductions include a buy-to-let 2-year fixed rate (purchase and remortgage) at 2.79% with a 3% fee, available up to 65% loan-to-value (LTV) and a buy-to-let 2-year fixed rate (remortgage only) at 3.29% with a 3% fee, available up to 75% LTV.
The lender is also offering a limited company buy-to-let 2-year fixed rate (purchase, remortgage and further advance) at 4.14% with a 3% fee, available up to 75% LTV (reduced by 0.10%) – with free valuation.
Switcher rate reductions include a buy-to-let 2-year fixed rate at 4.60% with no fee, available up to 65% LTV, a buy-to-let 2-year fixed rate at 4.79% with no fee, available up to 75% LTV and a limited company buy-to-let 2-year fixed rate at 5.94% with no fee, available up to 75% LTV.
Joe Avarne, senior manager at The Mortgage Works, said: “We’re pleased that the current environment means we’re able to support landlords with some further rate reductions on selected mortgages from tomorrow.”
