New business reduced rates include:
- Buy To Let - Two-year fixed rate (purchase and remortgage) at 3.69% with a 3% fee, available up to 65% LTV (reduced by 0.10%)
- Buy To Let - Five-year fixed rate (purchase and remortgage) at 4.04% with a 3% fee, available up to 65% LTV (reduced by 0.10%)
- Buy To Let - Five-year fixed switcher rate at 4.14% with a 3% fee, available up to 75% LTV (reduced by 0.10%)
New business Limited Company reduced rates include:
- Buy To Let - Two-year fixed rate (purchase and remortgage) at 4.99% with a 3% fee, available up to 75% LTV (reduced by 0.30%)
- Buy To Let - Two-year fixed rate (purchase and remortgage) at 5.69% with a £3,995 fee, available up to 75% LTV (reduced by 0.20%)
- Buy To Let - Two-year fixed switcher rate at 6.49%, available up to 75% LTV (reduced by 0.30%)
Full details on all rate changes can be found here.
Joe Avarne, Senior Manager, Buy-to-Let Mortgages at The Mortgage Works, said: “We remain as committed as ever to supporting brokers and landlords, which is why we’re pleased to announce rate cuts across our range. Our products are some of the most competitive in the sector and, with rates now starting from 3.69%, these new deals will improve affordability and help widen market access for buy to let investors”.
