The Mortgage Works (TMW) will be reducing rates on selected buy-to-let and limited company products by up to 0.40 percentage points.

From 26 March, buy-to-let selected rates will be reduced by up to 0.15%. The new rates include:

Five-year fixed rate (purchase and remortgage) at 3.99% with a 3% fee, available up to 55% LTV (reduction of 0.10%).

Five-year fixed rate (purchase and remortgage) at 4.04% with a 3% fee, available up to 65% LTV (reduction of 0.10%)

Five-year fixed rate (purchase and remortgage) at 4.59% with no fee, available up to 65% LTV (reduction of 0.15%)

Limited Company: selected rates reduced by 0.40%. The new rates include:

Two-year fixed rate (purchase and remortgage) at 4.99% with a 3% fee, will be available up to 75% LTV (reduction of 0.40%)

The Mortgage Network head of specialist lending Dan Clinton said: “We continue to support landlords with a range of product options. We know that rate is a key consideration for those in the buy-to-let and limited company market as they try to manage their finances through fixed rates. The current environment means we’re pleased to be able to make reductions on selected mortgages from tomorrow (26 March).”