27 Sep 2023

The Mortgage Works Continues To Reduce Rates

The Mortgage Works (TMW) will be reducing rates by up to 0.40 percentage points across its Limited Company and HMO range for new business products from Thursday 28 September 2023.


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.”