The Mortgage Works will be reducing rates by up to 0.45 percentage points tomorrow.

The buy-to-let lender is making price cuts across its range.

New rates will include: 

• Two-year fixed rate (purchase and remortgage) buy-to-let at 3.49% with a 3% fee, available up to 65% LTV (reduced by 5 basis points)   
• Five-year fixed rate (purchase and remortgage) limited company buy-to-let at 4.59% with a 5% fee, available up to 70% LTV (reduced by 25bps)
• Five-year fixed rate (purchase and remortgage) limited company buy-to-let at 4.99% with a 3% fee, available up to 75% LTV (reduced by 30bps)

Two-year fixed rate (purchase and remortgage) limited company houses in multiple occupation (HMO) at 4.94% with a 3% fee, available up to 75% LTV (reduced by 45bps)

TMW senior manager for buy-to-let mortgages Joe Avarne says: “We are pleased to announce more rate cuts as it further demonstrates our ongoing commitment to brokers and landlords.”