The existing customer switcher rate cuts tomorrow include:
- Two-year fixed rate buy-to-let mortgage at 3.59% (reduced by 0.20%) with a 3% fee, available up to 65% LTV.
- Two-year fixed rate buy-to-let mortgage at 4.77% (reduced by 0.12%) with a £1,495 fee, available up to 65% LTV.
- Five-year fixed rate buy-to-let mortgage at 4.92% (reduced by 0.07%) with no fee, available up to 65% LTV.
The new business rate cuts tomorrow include:
- Two-year fixed rate (purchase, remortgage and further advance) limited company buy-to-let mortgage at 4.49% (reduced by 0.10%) with a 3% fee, available up to 75% LTV with free valuation.
- Five-year fixed rate (purchase, remortgage and further advance) limited company buy-to-let mortgage at 4.99% (reduced by 0.10%) with a 3% fee, available up to 75% LTV with free valuation.
Keir Fraser, Lead Manager at The Mortgage Works, said: “These changes reflect our focus on supporting our ongoing relationship with landlord customers as they reach the end of their current deal, with options that will better support their cash flow. They also reinforce our continued commitment to landlords who choose to operate through a limited company structure.”
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