The Mortgage Works will be lowering rates on selected two and five-year fixed rate products across its buy-to-let, limited company buy-to-let and let-to-buy mortgage ranges – with rates starting from 2.99%.
The new rates are effective from today include:
• Buy-to-let two-year fixed rate (purchase and remortgage) at 2.99% with a 3% fee, available up to 65% LTV (reduced by 0.15%);
• Buy-to-let five-year fixed rate (purchase and remortgage) at 3.74% with a 3% fee, available up to 65% LTV (reduced by 0.10%);
• Limited company buy-to-let five-year fixed rate (purchase and remortgage) at 4.84% with a 3% fee, available up to 75% LTV (reduced by 0.10%) with a free valuation;
• Limited company buy-to-let two-year fixed rate (purchase and remortgage) at 4.99% with a £3,995 fee, available up to 75% LTV (reduced by 0.20%) with a free valuation.
Joe Avarne, senior manager at The Mortgage Works, says: “We are pleased to announce these latest changes and the introduction of our lowest headline rate for nearly three years will be welcome news for brokers and landlords alike.”
