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The Mortgage Works reduces rates by up to 0.75 per cent
The Mortgage Works (TMW) has cut rates across its buy-to-let, let to buy and large portfolio mortgage range by up to 0.75 per cent.
This will apply to its new business products from 10 October.
Within its buy-to-let offering, a five-year fix at 55 per cent loan to value (LTV) has received a rate cut of 0.15 per cent to 4.84 per cent.
Also reduced by the same amount is a five-year fix at 65 per cent LTV, which now has a rate of 4.89 per cent, as well as a five-year fix at 75 per cent LTV, which is now priced at 5.14 per cent.
All products have a three per cent fee.
Dan Clinton, head of specialist lending at TMW, said: “These rate reductions will improve our competitive position and showcase our continued commitment and support for landlords.
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“We know these reductions will be welcomed by buy-to-let investors as we work to support them with their cashflow and affordability.”