The Mortgage Works is reducing buy-to-let rates by up to 0.35%, with rates starting from 2.79%.

Its buy-to-let 2-year fixed rate (remortgage only) now costs 2.99% to 65% LTV with a 3% fee.

Meanwhile 5-year fixed rates for remortgage are priced at 3.82% to 75% LTV with a 3% fee.

Both come with a free valuation and legals.

Joe Avarne, senior manager at The Mortgage Works, said: “We are pleased to announce further rate cuts to demonstrate our ongoing commitment to brokers and landlords. These latest reductions make us one of the most competitive providers of buy-to-let mortgages in the sector.”

There is also a limited company buy-to-let five-year fixed rate (purchase, remortgage and further advance) at 4.67% with a 3% fee, available up to 75% LTV.

Meanwhile there is an HMO buy-to-let two-year fixed rate (purchase, remortgage and further advance) at 5.49% with a £1,495 fee, to 75% LTV.

Switcher rate reductions include: a buy-to-let two-year fixed rate at 2.99% with a 3% fee, available up to 65% LTV, reduced by 0.15%.

Also, there is a buy-to-let two-year fixed rate at 4.12% with £1,495 fee, to 65% LTV, reduced by 0.06%.

Finally, there is a limited company buy-to-let two-year fixed rate at 4.14% with a 3% fee to 75% LTV, reduced by 0.30%.

Source

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