26 Feb 2025

The Mortgage Works reduces switcher rates

The Mortgage Works will be reducing rates by up to 0.35 percentage points across selected buy-to-let products for existing customers with the new rates effective from tomorrow, Thursday 27 February.

Switcher buy-to-let rate reductions include:

  • Two-year fixed rate at 3.59%, with a 3% fee, available up to 65% LTV (reduced by 0.15%)
  • Two-year fixed rate at 4.89%, no product fee, available up to 65% LTV (reduced by 0.25%)
  • Five-year fixed rate at 3.94%, with a 3% fee, available up to 65% LTV (reduced by 0.05%)

Switcher buy-to-let Limited Company rate reductions include:

  • Two-year fixed rate at 5.09%, with a £3,995 product fee, available up to 75% LTV (reduced by 0.10%)
  • Five-year fixed rate at 5.29%, with a £1495 fee, available up to 75% LTV (reduced by 0.15%)
  • Five-year fixed rate at 5.64%, no product fee, available up to 75% LTV (reduced by 0.05%)

Switcher buy-to-let HMO rate reductions include:

  • Two-year fixed rate at 6.44%, no product fee, available up to 75% LTV (reduced by 0.35%)

Full details of all rate cuts can be found here.

Joe Avarne, Senior Manager at The Mortgage Works, said: “These latest reductions show our ongoing commitment to supporting our existing landlords looking to manage their cashflow through fixed rates.”