New business rate reductions include:
- Buy-to-let two-year fixed rate (purchase and remortgage) at 2.64% with a 3% fee, available up to 65% LTV (reduced by 0.10%)
- Buy-to-let five-year fixed rate (remortgage only) at 4.27% with a £1,495 fee, available up to 75% LTV (reduced by 0.15%) – with free valuation and free legals
- HMO two-year fixed rate (purchase, remortgage and further advance) at 4.09% with a 3% fee, available up to 75% LTV (reduced by 0.30%)
Switcher rate reductions include:
- Buy-to-let two-year fixed rate at 3.89% with a £1,495 fee, available up to 65% LTV (reduced by 0.10%)
- Buy-to-let two-year fixed rate at 4.09% with £1,495 fee, available up to 75% LTV (reduced by 0.10%)
- HMO two-year fixed rate at 5.09% with a £1,495 fee available up to 75% LTV (reduced by 0.25%)
Joe Avarne, Senior Manager at The Mortgage Works, said: “We are pleased to announce further rate cuts to demonstrate our ongoing commitment to brokers and landlords. These latest reductions make us one of the most competitive providers of buy-to-let mortgages in the sector.”
