From tomorrow, 5th June, rates will reduce by up to 0.22% across selected 1-, 2- and 5-year fixed rate products for new and existing customers.
The Mortgage Works is cutting rates by up to 0.22% across selected 1-, 2- and 5-year fixed rate products for new and existing customers from tomorrow, 5th June.
The reductions apply to buy-to-let (BTL), let-to-buy, houses in multiple occupation (HMO) and limited company BTL products.
BTL rate cuts include a 5-year fixed rate remortgage only product at 4.22%, down by 0.22%, with a 3% fee up to 65% loan-to-value (LTV).
A 5-year fixed rate for existing customer switchers is reduced by 0.07% to 4.22% with a 3% fee, up to 65% LTV.
There is also a 5-year fixed rate remortgage only product at 4.69%, down 0.20%, with a £1,495 fee, available up to 65% LTV.
For limited company BTL, the 5-year fixed rate for purchase and remortgage with free valuation is now 5.49%, reduced by 0.18% with no fee, up to 75% LTV.
The 2-year fixed rate for existing customer switchers is now 5.44%, reduced by 0.05% with a £1,495 fee, and the 2-year fixed rate for existing customer switchers is 5.94%, also reduced by 0.05% with no fee, both up to 75% LTV.
Keir Fraser, lead manager at The Mortgage Works, said: “We are pleased to announce further rate cuts across our mortgage range, our third set of cuts in the past month.
“They reinforce our commitment to supporting both individual and limited company landlords, ensuring The Mortgage Works continues to offer products and rates that put it at the forefront of landlords’ minds.”