The Mortgage Works has reduced rates across selected buy-to-let and let-to-buy products within its new business mortgage range.
The lender has cut rates by up to 0.20% on remortgage-only products, with updated pricing now available across a range of loan-to-value bands.
A 2-year fixed rate buy-to-let mortgage has been reduced by 0.05% to 3.74%, available up to 65% LTV with a 3% fee, alongside free valuation and free legal work.
A 5-year fixed rate product at up to 55% LTV has been reduced by 0.15% to 4.37%, also with a 3% fee and free valuation and legal incentives.
At higher LTV, a 5-year fixed rate buy-to-let mortgage at up to 75% LTV has been reduced by 0.20% to 4.99%, with a £1,495 fee and the same valuation and legal benefits.
Keir Fraser, lead manager at The Mortgage Works, said: “We’re delighted to be able to make these rate cuts as we continue to put The Mortgage Works at the forefront of the buy-to-let market with competitive rates.”
The changes form part of ongoing pricing adjustments in the buy-to-let sector as lenders respond to market conditions and competition.