The Mortgage Works is cutting rates by up to 0.26 percentage points on selected two, three and five-year fixed rate products for new and existing customers, with the changes taking effect from today, Wednesday 17 June.
The rate cuts span the lender's buy-to-let and limited company buy-to-let ranges. Among the changes, the two-year fixed rate remortgage-only buy-to-let mortgage, which comes with a free valuation and free legals, has been reduced by 0.10% to 3.49%, with a 3% fee and availability up to 65% LTV.
The same rate applies to the two-year fixed rate buy-to-let mortgage for existing customer switchers, also cut by 0.10% to 3.49% with a 3% fee, up to 65% LTV.
For limited company landlords, the two-year fixed rate product covering purchase, remortgage and further advance, which includes a free valuation, has been reduced by 0.26% to 4.98%, with a £3,995 fee and availability up to 75% LTV.
"We're making further rate cuts across our mortgage range as part of our ongoing commitment to supporting individual and limited company landlords," said Keir Fraser, lead manager at The Mortgage Works.
"We remain focused on maintaining a comprehensive product offering and will continue to review our range to ensure we are meeting the needs of our customers."
