The Mortgage Works has announced further rate reductions across its buy-to-let (BTL) range, cutting pricing for both existing and new landlord customers from tomorrow, Wednesday 29th April.
For existing customers switching deals, rates will fall by up to 0.20% across buy-to-let and Houses in Multiple Occupation (HMO) products.
This includes a 2-year fixed rate at 3.59% with a 3% fee at up to 65% loan-to-value (LTV), reduced by 0.20%, alongside other reductions across 2- and 5-year fixed options.
For new business, selected 2- and 5-year fixed rate products within the limited company buy-to-let range will be reduced by up to 0.10% on products up to 75% LTV.
Updated pricing includes a 2-year fixed rate at 4.49% and a 5-year fixed at 4.99%, both with a 3% fee and free valuation.
Keir Fraser, lead manager at The Mortgage Works, said: “These changes reflect our focus on supporting our ongoing relationship with landlord customers as they reach the end of their current deal, with options that will better support their cash flow.
“They also reinforce our continued commitment to landlords who choose to operate through a limited company structure.”