These rate cuts will be across The Mortgage Works’ buy-to-let, let-to-buy, Houses in Multiple Occupation (HMO) and limited company buy-to-let ranges.
Buy-to-let rate cuts include:
- Five-year fixed rate (remortgage only with free valuation and free legals) buy-to-let mortgage at 4.22% (reduced by 0.22%) with a 3% fee, available up to 65% LTV.
- Five-year fixed rate (existing customer switcher) buy-to-let mortgage at 4.22% (reduced by 0.07%) with a 3% fee, available up to 65% LTV.
- Five-year fixed rate (remortgage only with free valuation and free legals) buy-to-let mortgage at 4.69% (reduced by 0.20%) with a £1,495 fee, available up to 65% LTV.
Limited company buy-to-let rates include:
- Five-year fixed rate (purchase and remortgage with free valuation) limited company buy-to-let mortgage at 5.49% (reduced by 0.18%) with no fee, available up to 75% LTV.
- Two-year fixed rate (existing customer switcher) limited company buy-to-let mortgage at 5.44% (reduced by 0.05%) with a £1,495 fee, available up to 75% LTV.
- Two-year fixed rate (existing customer switcher) limited company buy-to-let mortgage at 5.94% (reduced by 0.05%) with no fee, available up to 75% LTV.
Keir Fraser, Lead Manager at The Mortgage Works, said: “We are pleased to announce further rate cuts across our mortgage range, our third set of cuts in the past month. They reinforce our commitment to supporting both individual and limited company landlords, ensuring The Mortgage Works continues to offer products and rates that put it at the forefront of landlords’ minds.”
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