The reductions to new business products for Buy to Let include:
- Five-year fixed at 4.84% with a 3% fee, available up to 55% LTV (reduced by 0.15%)
- Five-year fixed at 4.89% with a 3% fee, available up to 65% LTV (reduced by 0.15%)
- Five-year fixed at 5.14% with a 3% fee, available up to 75% LTV (reduced by 0.15%)
Full details on all rate reductions can be found here.
Dan Clinton, Head of Specialist Lending at The Mortgage Works, said: “These rate reductions will improve our competitive position and showcase our continued commitment and support for landlords. We know these reductions will be welcomed by Buy to Let investors as we work to support them with their cashflow and affordability.”
