The Mortgage Works is reducing rates by up to 0.22 percentage points on selected fixed rate products from Friday 5 June, covering both new and existing customers across its buy-to-let, let-to-buy, HMO and limited company buy-to-let ranges.
Among the buy-to-let rate cuts, the headline reductions include:
- A five-year fixed rate remortgage product with free valuation and free legals, now at 4.22% (down 0.22%), with a 3% fee and available up to 65% LTV.
- A five-year fixed rate existing customer switcher product at 4.22% (down 0.07%), also with a 3% fee up to 65% LTV.
- A five-year fixed rate remortgage with free valuation and free legals at 4.69% (down 0.20%), with a £1,495 fee up to 65% LTV.
On the limited company buy-to-let side, the changes include:
- A five-year fixed rate purchase and remortgage product with free valuation at 5.49% (down 0.18%), fee-free and available up to 75% LTV.
- A two-year fixed rate existing customer switcher at 5.44% (down 0.05%), with a £1,495 fee up to 75% LTV.
- A two-year fixed rate existing customer switcher at 5.94% (down 0.05%), fee-free up to 75% LTV.
"We are pleased to announce further rate cuts across our mortgage range, our third set of cuts in the past month," said Keir Fraser, lead manager at The Mortgage Works. "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."
