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.
“We know these reductions will be welcomed by buy-to-let investors as we work to support them with their cashflow and affordability.”
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
