The new buy-to-let switcher rates include:
- Two-year fixed at 3.89% with a 3% fee, available up to 65% LTV (reduced by 0.10%)
- Three-year fixed at 3.99% with a 3% fee, available up to 65% LTV (reduced by 0.15%)
- Five-year fixed at 3.99% with a 3% fee, available up to 65% LTV (reduced by 0.15%)
- Five-year fixed at 4.24% with a £3,995 fee, available up to 65% LTV (reduced by 0.20%)
Other rate/fee combinations also available on TMW’s switcher products.
Full details on all switcher rate reductions can be found here.
Joe Avarne, Senior Manager, Buy-to-Let Mortgages at The Mortgage Works, said: “We are continually looking to support our existing landlords and with rates now starting from 3.89% these latest reductions will provide some welcomed relief by lowering repayments and supporting their cashflow.”
