New business buy-to-let rates include:
- Two-year fixed rate (purchase and remortgage) at 3.54% with a 3% fee, available up to 65% LTV (reduced by 0.15%)
- Five-year fixed rate (purchase and remortgage) at 3.94% with a 3% fee, available up to 65% LTV (reduced by 0.10%)
- Five-year fixed rate (purchase and remortgage) at 3.99% with a 3% fee, available up to 75% LTV (reduced by 0.15%)
- Five-year fixed rate (purchase and remortgage) at 4.44% with a £1,495 fee, available up to 65% LTV (reduced by 0.25%)
New buy-to-let switcher rates include:
- Two-year fixed rate at 3.84% with a 3% fee, available up to 55% LTV (reduced by 0.05%)
- Two-year fixed rate at 3.84% with a 3% fee, available up to 65% LTV (reduced by 0.05%)
- Five-year fixed rate at 4.74%, with no fee, available up to 55% LTV (reduced by 0.05%)
Full details on all rate changes can be found here.
Joe Avarne, Senior Manager, Buy-to-Let Mortgages at The Mortgage Works, said: “We are pleased to announce further rate cuts to demonstrate our ongoing commitment to brokers and landlords. These latest reductions make us one of the most competitive providers of buy-to-let mortgages in the sector with rates now starting from 3.54%.”
