The Mortgage Works (TMW) has reduced rates by up to 0.3 per cent across buy-to-let products for new and existing borrowers.
Rates now start from 4.34 per cent for the two-year fixed purchase and remortgage product at 65 per cent loan to value (LTV) with a three per cent fee. This has been reduced by 0.15 per cent.
At 55 per cent LTV, the five-year fix for purchase and remortgage has been cut by 0.2 per cent to 4.49 per cent. This also has a three per cent fee.
Its two-year fixed switcher product has been reduced by 0.3 per cent to 5.49 per cent. This is available up to 65 per cent LTV and has a £1,495 fee.
Daniel Clinton, head of specialist lending at The Mortgage Works, said: “We are extremely pleased to announce further rate cuts to demonstrate our ongoing commitment to landlords. These build on recent enhancements to our proposition, including increasing our maximum LTV to 75 per cent across a landlord’s portfolio.
“At time where interest rates are pivotal to the short-term profitability of buy to let, we’re proud to offer a suite of fixed rate options below 4.5 per cent, with rates starting as low as 4.34 per cent.”
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
