The reductions to new business products for Limited Company applications include:
- Five-year fixed rate at 5.44% with a 5% fee, available up to 70% LTV (reduced by 0.05%)
- Five-year fixed rate at 5.69% with a 3% fee, available up to 75% LTV (reduced by 0.30%)
- Five-year fixed rate at 6.24% with a £1,495 fee, available up to 75% LTV (reduced by 0.25%)
Full details on all rate reductions can be found here.
Dan Clinton, Head of Specialist Lending at The Mortgage Works, said: “We continually look to support 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.”
