The new rates include:
Buy-to-let switcher range: reductions across selected two, three five and ten-year fixed rate products by up to 0.85%, including:
- Two-year fixed rate at 4.99% with a 3% fee, available up to 55% LTV (reduced by 0.85%)
- Three-year fixed rate at 5.29% with a 3% fee, available up to 65% LTV (reduced by 0.70%)
- Five-year fixed rate at 5.34% with a 3% fee, available up to 75% LTV (reduced by 0.40%)
- Ten-year fixed rate at 5.49% with a fee of £1,495 available up to 75% LTV (reduced by 0.45%)
- Two-year tracker rate at 5.04% with a 3% fee available up to 65% LTV (reduced by 0.05%)
Full details on all rate reductions can be found here.
Dan Clinton, Head of Specialist Lending at The Mortgage Works, said: “As one of the UK’s leading buy-to-let lenders, TMW offers landlords a broad range of options to meet their varying needs. These latest rate reductions showcases our continued commitment and support to our existing customers helping them to manage their finances through our competitive rates."
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