The Mortgage Works is cutting buy-to-let switcher rates by up to 0.25 percentage points across selected products for existing customers, with the new rates taking effect from 27 June.
The reductions cover both standard and limited company buy-to-let products. Among the changes, a five-year fixed rate BTL product drops to 4.44%, carrying a £1,495 fee and available up to 65% LTV, down 0.15 percentage points.
A two-year fixed rate BTL product, available fee-free up to 65% LTV, falls to 4.89%, a reduction of 0.10 percentage points. The largest cut applies to a two-year fixed rate limited company BTL product, which decreases by 0.20 percentage points to 5.74%, also fee-free and available up to 75% LTV.
“As one of the UK’s leading buy-to-let lenders, we offer landlords a broad range of options to meet their varying needs,” said Dan Clinton, head of buy-to-let at The Mortgage Works. “These latest rate reductions underline our ongoing commitment to supporting existing landlord customers who are coming to the end of their current deal.”