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The Mortgage Works lowers switcher rates
Buy-to-let lender The Mortgage Works (TMW) has cut select two and three-year fixed rate switcher deals by as much as 0.35 per cent.
The changes come into force from tomorrow.
Examples include a two-year fixed rate at 65 per cent loan to value (LTV) which has fallen by 0.1 per cent to 5.04 per cent. It comes with a £1,495 fee.
Its three-year fixed rate at 65 per cent LTV has decreased by 0.25 per cent to 4.24 per cent. It is subject to a three per cent fee.
Other rate and fee combinations are also available.
Dan Clinton, director of landlord at TMW, said: “We are continually looking to support our existing landlords with competitive rates as they look to manage their cashflow in the challenging environment.
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“That is why we are making further reductions to the rates on our buy-to-let switcher products, which will ensure our range remains front of mind when landlords are coming to the end of their existing deal.”