From 26th June, reductions will apply across selected 1-, 2- and 5-year fixed rate buy-to-let (BTL) products, including limited company BTL options.
The Mortgage Works is cutting rates for the third time in June, with new rates taking effect from tomorrow, 26th June.
The reductions apply to selected 1-, 2- and 5-year fixed rate buy-to-let (BTL) products, including limited company BTL options.
The changes include a 2-year fixed rate for limited company BTL at 4.09%, down by 0.25%, with a 3% fee, available up to 75% loan-to-value (LTV).
The 2-year fixed rate for standard BTL is now 3.19%, cut by 0.10%, with a 3% fee, up to 65% LTV.
The 5-year fixed rate for BTL stands at 3.99%, reduced by 0.15%, with a 3% fee, up to 65% LTV.
Dan Clinton, head of BTL at The Mortgage Works, said: “We’re making further rate cuts across our mortgage range – our third set of rate cuts in June – as part of our ongoing commitment to supporting individual and limited company landlords.
“Cost pressures remain a concern and these latest changes will help manage those challenges while reinforcing The Mortgage Works as a leading choice for landlords.”