New business limited company buy-to-let reduced rates include:
- Five-year fixed rate (purchase, remortgage and further advance) mortgage for new customers at 4.02% (reduced by 0.10%) with a 5% fee, available up to 70% LTV with a free valuation.
- Five-year fixed rate (purchase, remortgage and further advance) mortgage for new customers at 4.44% (reduced by 0.08%) with a 3% fee, available up to 75% LTV with a free valuation.
- Five-year fixed rate (purchase, remortgage and further advance) mortgage for new customers at 4.89% (reduced by 0.05%) with a £1,495 fee, available up to 75% LTV with a free valuation.
Existing customer switcher buy-to-let reduced rates include:
- Two-year fixed rate mortgage for existing customers at 2.72% with a 3% fee, available up to 65% LTV (reduced by 0.12%).
- Two-year fixed rate mortgage for existing customers at 4.25% with no fee, available up to 65% LTV (reduced by 0.09%).
- Five-year fixed rate mortgage for existing customers at 3.54% with a 3% fee, available up to 65% LTV (reduced by 0.05%).
Keir Fraser, Lead Manager at The Mortgage Works, said: “We are always looking for ways to offer landlords our best range of products, so we’re delighted to be able to start the year with rate cuts for new and existing customers across our mortgage range.”
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