The Mortgage Works (TMW) has reduced rates across its switcher mortgage products by up to 0.2 per cent.
The changes apply from 19 September and includes a two-year fix at 65 per cent loan to value (LTV) with a £1,495 fee which has gone down by 0.1 per cent to 6.09 per cent.
A corresponding three-year fix has been reduced by the same amount to 5.89 per cent.
A five-year fix, also at the same tier, has been cut by 0.15 per cent and now has a fee of 5.49 per cent.
Last week, the lender made a series of rate cuts which expanded its offering of mortgages with a sub-five per cent rate.
Dan Clinton, director of landlord at The Mortgage Works, said: “We are continually looking to support our existing landlords with competitive rates.
“These reductions will be well received by our existing landlords and provide welcome relief over their repayments as they look to manage their cashflow.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
