This reduction follows the introduction in January of new Limited Company pre-application checks where confirmation will now be provided upfront if a company structure fits our lending policy.
Limited Company rate reductions for new customers include:
- Two-year fixed rate at 4.44%, with a 3%, available up to 75% (reduced by 0.45%)
- Two-year fixed rate at 5.54%, with a £1,495 fee, available up to 75% LTV (reduced by 0.45%)
- Two-year fixed rate at 5.99% with no product fee, available up to 75% LTV (reduced by 0.50%)
- Five-year fixed rate at 5.69%, no product fee, available up to 75% LTV (reduced by 0.20%)
Limited Company rate reductions for existing customers include:
- Two-year fixed rate at 4.44%, with a 3%, available up to 75% (reduced by 0.45%)
- Two-year fixed rate at 5.54%, with a £1,495 fee, available up to 75% LTV (reduced by 0.25%)
- Five-year fixed rate at 5.69%, no product fee, available up to 75% LTV (reduced by 0.05%)
Full details of all rate cuts can be found here.
For additional information please read our Limited Company criteria, which includes the company structures that we accept.
Joe Avarne, Senior Manager at The Mortgage Works, said: “We are always looking for ways to help landlords manage their cashflow and we are pleased to be able to offer these latest reductions to our Limited Company buy to let product range.”
