The Mortgage Works has cut rates on buy-to-let and limited company products by up to 0.30%.

New business rate reductions include a two-year fixed rate at 2.79% with a 3% fee to 65% loan-to-value, which is for purchase or remortgage.

There is also a 2-year fixed rate for only remortgage at 3.29% with a 3% fee to 75% LTV with free valuation and free legals.

Limited company landlords still have to pay a premium, as products cost 4.14% with a 3% fee to 75% LTV with a free valuation.

Joe Avarne, senior manager at The Mortgage Works, said: “We’re pleased that the current environment means we’re able to support landlords with some further rate reductions on selected mortgages from tomorrow.”

Switcher rate reductions include a buy-to-let two-year fixed rate at 4.60% with no fee, available up to 65% LTV.

There is also a two-year fixed rate at 4.79% with no fee, available up to 75% LTV.

Limited company buy-to-let two-year fixed rate at 5.94% with no fee, available up to 75% LTV.

The new rates are available from Saturday 10 April.