The Mortgage Works is today reducing selected Buy to Let rates for new and existing customers by up to 0.25 percentage points, with rates starting from 3.54%.

New business buy-to-let rates include:

– Two-year fixed rate (purchase and remortgage) at 3.54% with a 3% fee, available up to 65% LTV (reduced by 0.15%)   

– Five-year fixed rate (purchase and remortgage) at 3.94% with a 3% fee, available up to 65% LTV (reduced by 0.10%)

– Five-year fixed rate (purchase and remortgage) at 3.99% with a 3% fee, available up to 75% LTV (reduced by 0.15%)

– Five-year fixed rate (purchase and remortgage) at 4.44% with a £1,495 fee, available up to 65% LTV (reduced by 0.25%).

and new buy-to-let switcher rates include:

– Two-year fixed rate at 3.84% with a 3% fee, available up to 55% LTV (reduced by 0.05%)   

– Two-year fixed rate at 3.84% with a 3% fee, available up to 65% LTV (reduced by 0.05%)

– Five-year fixed rate at 4.74%, with no fee, available up to 55% LTV (reduced by 0.05%)

A spokesperson for The Mortgage Works says: “These latest reductions make us one of the most competitive providers of buy-to-let mortgages in the sector with rates now starting from 3.54%.”