The Mortgage Works has cut buy-to-let rates for the third time in June, reducing selected one, two and five-year fixed rate products by up to 0.25 percentage points.
The latest round of cuts covers both its standard buy-to-let and limited company buy-to-let ranges and applies to new customers only.
Among the products seeing reductions:
- A two-year fixed rate limited company buy-to-let mortgage, available for purchase, remortgage and further advance with free valuation, is now priced at 4.09%, down 0.25%, with a 3% fee up to 75% LTV.
- A two-year fixed rate buy-to-let mortgage for purchase and remortgage has been cut to 3.19%, down 0.10%, with a 3% fee up to 65% LTV.
- A five-year fixed rate buy-to-let mortgage for purchase and remortgage now sits at 3.99%, down 0.15%, with a 3% fee up to 65% LTV.
“We’re making further rate cuts across our mortgage range, our third set of rate cuts in June, as part of our ongoing commitment to supporting individual and limited company landlords,” said Dan Clinton, head of buy-to-let at The Mortgage Works.
“Cost pressures remain a concern, and these latest changes will help manage those challenges while reinforcing The Mortgage Works as a leading choice for landlords.”