"The introduction of our limited company cashback range also shows how we continue to innovate and enhance our product range to ensure we meet the needs of landlords"
- Joe Avarne - The Mortgage Works
Specialist buy-to-let lender, The Mortgage Works, has announced that it has introduced a new range of five-year fixed rate buy-to-let products for limited company landlords looking to remortgage, all of which will come with free valuation and £750 cashback.
According to the lender, the new range includes a five-year fixed rate product (remortgage only) at 4.99% with a 3% fee. There is also an option at 5.29% with a £3,995 fee and at 5.69% with no fee. All three are available up to 75% LTV.
Rate reductions
In addition to the new range, The Mortgage Works has also reduced rates on selected two and five-year fixed-rate products.
Limited company buy-to-let products will see reductions of up to 0.25%, while buy-to-let and let-to-buy products will see rate cuts of up to 0.20%.
Reduced rates include:
Buy-to-let two-year fixed rate (purchase and remortgage) at 3.14% with a 3% fee, available up to 65% LTV (reduced by 0.10%).
Buy-to-let five-year fixed rate (purchase and remortgage) at 4.34% with a £1,495 fee, available up to 75% LTV (reduced by 0.10%).
Limited company buy-to-let five-year fixed rate (purchase and remortgage) at 5.34% with a £1,495 fee, available up to 75% LTV (reduced by 0.25%) with a free valuation.
“These latest rate cuts across our mortgage range should come as great news for landlords and will position The Mortgage Works as one of the most competitive lenders in the market," comments Joe Avarne, Senior Manager at The Mortgage Works. "The introduction of our limited company cashback range also shows how we continue to innovate and enhance our product range to ensure we meet the needs of landlords. We know that the £750 cashback will be a welcome benefit for customers remortgaging to The Mortgage Works.”
