The reductions include:
- Five-year fixed rate at 5.39% with a 5% fee, available up to 70% LTV (reduced by 0.10%)
- Five-year fixed rate at 5.79% with a 3% fee, available up to 75% LTV (reduced by 0.20%)
- Five-year fixed rate at 6.29% with a £1,495 fee, available up to 75% LTV (reduced by 0.10%)
Full details on all rate reductions can be found here.
Dan Clinton, Head of Specialist Lending at The Mortgage Works, said: “We are continually looking to support existing landlords with competitive products. The swap rate environment has been gradually improving enabling us to reduce rates further. These reductions will be welcomed by Buy to Let investors as we work to support them with their cashflow and help unlock affordability constraints.”
