The Mortgage Works cut rates on Saturday by up to 0.30 percentage points across selected buy to let products.

For new customers the rates start from 3.24%.

New business reduced rates on BTL products include two-year fixed rate (purchase and remortgage) at 3.24% with a 3% fee, available up to 65% LTV (reduced by 0.15%) ; two-year fixed rate (remortgage only) at 3.54% with a 3% fee, available up to 65% LTV (reduced by 0.20%); and two-year fixed rate (remortgage only) at 4.84% with no fee, available up to 65% LTV (reduced by 0.30%)

Joe Avarne, Senior Manager at The Mortgage Works, says: “With rates starting from 3.24% these latest reductions from The Mortgage Works will help widen market access for buy to let investors.”