The new rates are effective from tomorrow, Thursday 1 May.
Reduced rates include:
- Buy-to-let two-year fixed rate (purchase and remortgage) at 2.99% with a 3% fee, available up to 65% LTV (reduced by 0.15%).
- Buy-to-let five-year fixed rate (purchase and remortgage) at 3.74% with a 3% fee, available up to 65% LTV (reduced by 0.10%).
- Limited company buy-to-let five-year fixed rate (purchase and remortgage) at 4.84% with a 3% fee, available up to 75% LTV (reduced by 0.10%) with a free valuation.
- Limited company buy-to-let two-year fixed rate (purchase and remortgage) at 4.99% with a £3,995 fee, available up to 75% LTV (reduced by 0.20%) with a free valuation.
Joe Avarne, Senior Manager at The Mortgage Works, said: “We are pleased to announce these latest changes and the introduction of our lowest headline rate for nearly three years will be welcome news for brokers and landlords alike.”
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