The Mortgage Works has reduced selected buy-to-let switcher rates by up to 0.25%, with the new pricing available to existing landlord customers from 27th June.
The Mortgage Works has announced rate reductions of up to 0.25% across selected buy-to-let and limited company buy-to-let switcher products for existing customers, with the changes taking effect from Saturday 27th June.
The revised range includes a 5-year fixed rate buy-to-let product at 4.44% with a £1,495 fee, available up to 65% LTV, reduced by 0.15%. A 2-year fixed rate buy-to-let product with no fee, available up to 65% LTV, has been cut by 0.10% to 4.89%.
The lender has also reduced its 2-year fixed rate limited company buy-to-let product by 0.20%, with the no-fee product now available at 5.74% up to 75% LTV.
Dan Clinton, head of buy-to-let at The Mortgage Works, said: “As one of the UK’s leading buy-to-let lenders, we offer landlords a broad range of options to meet their varying needs. These latest rate reductions underline our ongoing commitment to supporting existing landlord customers who are coming to the end of their current deal.”
The latest changes apply to existing customers looking to switch their mortgage product as they approach the end of their current fixed-rate deal.