29 Jan 2024

The Mortgage Works Further Reduces Switcher Rates

From Tuesday 30 January, The Mortgage Works will be reducing rates on selected switcher mortgage products by up to 0.20 percentage points, with rates starting from 3.84%.

The new buy-to-let switcher rates include:

  • Two-year fixed at 3.99% with a £3995 fee, available up to 65% LTV (reduced by 0.05%)
  • Three-year fixed at 4.39% with a £1,495 fee, available up to 65% LTV (reduced by 0.10%)
  • Five-year fixed at 4.49%, available up to 65% LTV (reduced by 0.15%)

Other rate/fee combinations are also available on The Mortgage Works switcher products.

Full details on all switcher rate reductions can be found here1.

Joe Avarne, Senior Manager, Buy-to-Let Mortgages at The Mortgage Works, said: “We are continually looking to support our existing landlords and these latest reductions will be some of the most competitive and cost-effective options in the market.”

Notes to editors

1 The link included is to provide journalists easy access to the all The Mortgage Works rate changes and is for broker use only. Consumers should access The Mortgage Works for their updated rates using the following link: The Mortgage Works for Customers | Buy to Let Mortgages (tmwdirect.co.uk)