The Mortgage Works is cutting rates tomorrow, 18th September, on selected 2- and 5-year fixed mortgages for both new and existing customers.
Limited company buy-to-let (BTL) and regular BTL products will see reductions of up to 0.15%.
The new limited company BTL rates include a 2-year fixed rate for new customers at 3.87%, down by 0.12%, with a 3% fee and up to 75% loan-to-value (LTV), plus a free valuation.
The 5-year fixed rate for new customers is now 4.52%, reduced by 0.15%, with a 3% fee, up to 75% LTV, and a free valuation.
The 5-year fixed rate switcher for existing customers is now 5.09%, reduced by 0.10%, with no fee and up to 75% LTV.
BTL rates for new customers now include a 2-year fixed at 2.74%, reduced by 0.05%, with a 3% fee and up to 65% LTV.
The 5-year fixed rate is now 3.76%, down by 0.14%, with a 3% fee and up to 75% LTV.
For existing customers, the 2-year fixed rate switcher is now 4.49%, down by 0.05%, with no fee and up to 65% LTV.
Joe Avarne, senior manager at The Mortgage Works, said: “These reductions demonstrate our commitment to offering competitive rates, as we aim to ensure that The Mortgage Works continues to be front of mind for landlords.”
