09 Jul 2024

The Mortgage Works cuts rates on selected products across Limited Company range

Effective from tomorrow, Wednesday 10 July, The Mortgage Works (TMW) is reducing its rates by up to 0.25 percentage points on new business Limited Company five-year buy to let products, with rates starting from 4.84%.

New business Limited Company reduced rates include:

  • Buy To Let - Five-year fixed rate (purchase and remortgage) at 4.84% with a 5% fee, available up to 70% LTV (reduced by 0.15%)   
  • Buy To Let - Five-year fixed rate (purchase and remortgage) at 5.54% with a £3,995 fee, available up to 75% LTV (reduced by 0.15%)
  • Buy To Let - Five-year fixed rate (purchase and remortgage) at 5.84%, available up to 75% LTV (reduced by 0.25%)

Full details on all rate changes can be found here.

Joe Avarne, Senior Manager, Buy-to-Let Mortgages at The Mortgage Works, said: “We remain as committed as ever to supporting brokers and landlords, which is why we’re pleased to announce rate cuts across our Limited Company range. Our products are some of the most competitive in the sector and, with rates now starting from 4.84%, these new deals will serve to improve affordability and help widen market access for buy to let investors”.