The Mortgage Works has cut rates by across its new business buy to let mortgage range.
The reduction is up to 0.20 percentage points on selected one, two and five-year fixed rate products.
The Mortgage Works’s lowest buy-to-let rate now stands at 2.29%.
The new business rate cuts include:
- One-year fixed rate (purchase and remortgage) buy-to-let mortgage at 2.29% (reduced by 0.20%) with a 2% fee, available up to 75% LTV;
- Two-year fixed rate (purchase and remortgage) buy-to-let mortgage at 2.49% (reduced by 0.10%) with a 3% fee, available up to 65% LTV;
- Two-year fixed rate (remortgage only) buy-to-let mortgage at 2.84% (reduced by 0.03%) with a 3% fee, available up to 75% LTV with free valuation and free legal;
- Five-year fixed rate (remortgage only) buy-to-let mortgage at 3.57% (reduced by 0.10%) with a 3% fee, available up to 75% LTV with free valuation and free legal.