The Mortgage Works will be reducing rates by up to 0.55 percentage points across selected buy-to-let products for new and existing customers with the new rates effective from tomorrow, Thursday 3 October.
New customer buy-to-let rate reductions include:
- Two-year fixed rate at 3.59% (remortgage), with a 3% fee, available up to 65% LTV (reduced by 0.25%)
- Two-year fixed rate at 3.84% (remortgage), with a £3,995 fee, available up to 65% LTV (reduced by 0.25%)
- Five-year fixed rate at 3.79% (remortgage), with a 3% fee, available up to 75% LTV (reduced by 0.10%)
Switcher buy-to-let rates reductions include:
- Two-year fixed rate at 3.59%, with a 3% fee, available up to 65% (reduced by 0.20%)
- Three-year fixed rate at 3.74%, with a 3% fee, available up to 65% LTV (reduced by 0.10%)
- Five-year fixed rate at 3.74%, with a 3% fee, available up to 65% LTV (reduced by 0.10%)
- Two-year fixed rate 3.84%, with a £3,995 fee, available up to 65% LTV (reduced by 0.55%)
Full details of all rate cuts can be found here.
Joe Avarne, Senior Manager at The Mortgage Works, said: “We are making further rate cuts to ensure that The Mortgage Works continues to be front of mind for new and existing customers when they are coming to the end of their current deal.”
