The reduced rates include:
- Buy To Let - two-year fixed rate (purchase and remortage) at 4.34% with a 3% fee, available up to 65% LTV (reduced by 0.15%)
- Buy To Let – five-year fixed rate (purchase and remortgage) at 4.49% with a 3% fee, available up to 55% LTV (reduced by 0.20%)
- Buy To Let - two-year fixed switcher rate at 5.49% with a £1,495 fee, available up to 65% LTV (reduced by 0.30%)
Full details on all rate changes can be found here.
Daniel Clinton, Head of Specialist Lending at The Mortgage Works, said: “We are extremely pleased to announce further rate cuts to demonstrate our ongoing commitment to landlords. These build on recent enhancements to our proposition, including increasing our maximum loan to value to 75 per cent across a landlord’s portfolio.
“At time where interest rates are pivotal to the short-term profitability of buy to let, we’re proud to offer a suite of fixed rate options below 4.50 per cent, with rates starting as low as 4.34 per cent.”