New business rate reductions include:
- Buy-to-let two-year fixed rate (remortgage only) at 2.99% with a 3% fee, available up to 65% LTV (reduced by 0.10%) – with free valuation and free legals.
- Buy-to-let five-year fixed rate (remortgage only) at 3.82% with a 3% fee, available up to 75% LTV (reduced by 0.07%) – with free valuation and free legals.
- Limited company buy-to-let five-year fixed rate (purchase, remortgage and further advance) at 4.67% with a 3% fee, available up to 75% LTV (reduced by 0.07%) – with free valuation.
- HMO buy-to-let two-year fixed rate (purchase, remortgage and further advance) at 5.49% with a £1,495 fee, available up to 75% LTV (reduced by 0.35%).
Switcher rate reductions include:
- Buy-to-let two-year fixed rate at 2.99% with a 3% fee, available up to 65% LTV (reduced by 0.15%)
- Buy-to-let two-year fixed rate at 4.12% with £1,495 fee, available up to 65% LTV (reduced by 0.06%)
- Limited company buy-to-let two-year fixed rate at 4.14% with a 3% fee available up to 75% LTV (reduced by 0.30%)
Joe Avarne, Senior Manager 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.”
