New business rate reductions include:
- Buy-to-let two-year fixed rate (purchase and remortgage) at 2.79% with a 3% fee, available up to 65% LTV (reduced by 0.20%)
- Buy-to-let two-year fixed rate (remortgage only) at 3.29% with a 3% fee, available up to 75% LTV (reduced by 0.30%) – with free valuation and free legals.
- Limited company buy-to-let two-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:
- Buy-to-let two-year fixed rate at 4.60% with no fee, available up to 65% LTV (reduced by 0.10%)
- Buy-to-let two-year fixed rate at 4.79% with no fee, available up to 75% LTV (reduced by 0.10%)
- Limited company buy-to-let two-year fixed rate at 5.94% with no fee, available up to 75% LTV (reduced by 0.05%)
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.”
-ends-
