The Mortgage Works will again be cutting rates on selected buy-to-let and limited company products for new and existing customers by up to 0.30 percentage points. The new rates will be effective from tomorrow, Saturday 10 April.
New business rate reductions include:
- Buy-to-let two-year fixed rate (purchase and remortgage) at 2.79% with a 3% fee, available up to 65% LTV (reduced by 0.20%)
- Buy-to-let two-year fixed rate (remortgage only) at 3.29% with a 3% fee, available up to 75% LTV (reduced by 0.30%) – with free valuation and free legals.
- Limited company buy-to-let two-year fixed rate (purchase, remortgage and further advance) at 4.14% with a 3% fee, available up to 75% LTV (reduced by 0.10%) – with free valuation.
Switcher rate reductions include:
- Buy-to-let two-year fixed rate at 4.60% with no fee, available up to 65% LTV (reduced by 0.10%)
- Buy-to-let two-year fixed rate at 4.79% with no fee, available up to 75% LTV (reduced by 0.10%)
- Limited company buy-to-let two-year fixed rate at 5.94% with no fee, available up to 75% LTV (reduced by 0.05%)
Joe Avarne, Senior Manager at The Mortgage Works, said: “We’re pleased that the current environment means we’re able to support landlords with some further rate reductions on selected mortgages from tomorrow.”
