On Wednesday 21st August, The Mortgage Works (TMW) is set to reduce selected buy-to-let (BTL) rates for new customers by up to 0.10%, with rates starting from 3.49%.

New business buy-to-let rates include a 2-year fixed rate (purchase and remortgage) at 4.64% with a £1,495 fee, available up to 75% loan-to-value (LTV) and a 5-year fixed rate (purchase and remortgage) at 4.29% with a £1,495 fee, available up to 75% LTV.

In addition, in its new business limited company buy-to-let range, its 2-year fixed rate (purchase, remortgage and further advance) with a 3% fee, available up to 75% LTV, will be reduced by 0.05% to 4.79%.

Joe Avarne, senior manager, buy-to-let mortgages at The Mortgage Works, said: “The Mortgage Works is committed to providing landlords and brokers a broad range of options to meet their varying needs.

“These latest reductions continue to make The Mortgage Works one of the most competitive providers of buy-to-let mortgages in the sector with rates starting from 3.49%.”