The Mortgage Works has announced further reductions across selected buy-to-let products, with cuts of up to 0.20% taking effect from tomorrow, 18th November.
The lender has lowered rates on several core products.
The lender has reduced its 1-year fixed rate for purchases and remortgages to 2.49% with a 2% fee, available up to 75% loan-to-value (LTV), a reduction of 0.20%.
In addition, the 2-year fixed rate for purchases and remortgages has been cut to 2.71% with a 3% fee, also up to 75% LTV, reduced by 0.18%.
The lender’s 5-year fixed rate for remortgages only has been reduced to 3.67% with a 3% fee, up to 75% LTV, reflecting a 0.12% cut.
Limited company products have also been reduced.
The limited company 2-year fixed rate for purchases, remortgages and further advances will now be 4.89% with a £1,495 fee, up to 75% LTV, reduced by 0.20% and including a free valuation.
The limited company 5-year fixed rates for purchases, remortgages and further advances have been cut to 4.94% and 4.99% respectively, both with a £1,495 fee, reductions of 0.18%, and with the remortgage-only option including free valuation and free legals.
Joe Avarne, senior manager at The Mortgage Works, said: “We’re pleased to support landlords with some further rate reductions on selected mortgages from tomorrow.”
