7:58 AM, 30th April 2026, 16 hours ago
The Mortgage Works has cut its buy to let rates by up to 0.20 percentage points for existing borrowers, while also trimming selected limited company deals for new business.
The changes cover BTL and Houses in Multiple Occupation lending, with the other reductions focused on switcher products as landlords come to the end of fixed terms.
A two-year fixed rate has been reduced to 3.59%, down 0.20 percentage points, with a 3% fee and available up to 65% LTV.
Another two-year option now stands at 4.77%, cut by 0.12 percentage points, carrying a £1,495 fee at the same LTV level.
There is also a five-year fix at 4.92%, reduced by 0.07 percentage points, offered fee-free up to 65% LTV.
Limited company BTL
For limited company borrowers, selected two and five-year fixes up to 75% LTV have been reduced by up to 0.10 percentage points.
A two-year deal is now 4.49% with a 3% fee, while the five-year equivalent is priced at 4.99%. Both come with free valuation.
TMW’s lead manager, Keir Fraser, 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.”
Suffolk’s buy to let range
Suffolk Building Society has reinstated four five-year fixed buy to let products that had been withdrawn last month during market volatility.
The deals are available for purchase and remortgage, with a £199 application fee and a £999 completion fee.
A five-year fixed buy to let mortgage is priced at 5.79% up to 80% LTV.
A light refurbishment variant comes in at 5.89%, while a holiday let product is set at 5.85%, both also up to 80% LTV.
Charlotte Grimshaw, Suffolk’s head of mortgage intermediaries, said: “We’re glad to be providing more buy to let and high LTV options.
“By offering five-year fixed rates, we’re providing an option of longer rate security, combined with improved affordability or rental coverage.”
YBS cuts commercial rates
YBS Commercial Mortgages has cut rates across its five-year fixed buy to let range for portfolio landlords by up to 0.15 percentage points.
Similar reductions also apply to its commercial mortgage products, including owner-occupied, investment and semi-commercial lending.
Alongside the rate cuts, the lender has launched a new set of two-year fixed buy to let products up to 75% LTV.
One of these is priced at 4.90% up to 55% LTV, with a 2% fee.
Within the five-year range, a BTL product is now 4.80%, reduced from 4.95%, up to 65% LTV.
Another stands at 5.00%, down from 5.10%, up to 75% LTV. Both carry 3% fees.
A semi-commercial five-year fix has also been reduced to 5.80%, from 5.95%, available up to 65% LTV with a 2% fee.
Angela Norman, the managing director of YBS Commercial Mortgages, said: “These latest changes, including our new two-year product range, reflect our ongoing commitment to providing competitive pricing and choice, supporting brokers with products they can place with confidence.”
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