Another buy to let specialist lender has cut rates.
The Mortgage Works has cut by up to 0.15 percentage points on selected two, three and five-year fixed rate products.
New business limited company buy-to-let reduced rates include:
• Five-year fixed rate (purchase, remortgage and further advance) mortgage for new customers at 4.02% (reduced by 0.10%) with a 5% fee, available up to 70% LTV with a free valuation;
• Five-year fixed rate (purchase, remortgage and further advance) mortgage for new customers at 4.44% (reduced by 0.08%) with a 3% fee, available up to 75% LTV with a free valuation;
• Five-year fixed rate (purchase, remortgage and further advance) mortgage for new customers at 4.89% (reduced by 0.05%) with a £1,495 fee, available up to 75% LTV with a free valuation.
Meanwhile existing customer switcher buy-to-let reduced rates include:
• Two-year fixed rate mortgage for existing customers at 2.72% with a 3% fee, available up to 65% LTV (reduced by 0.12%);
• Two-year fixed rate mortgage for existing customers at 4.25% with no fee, available up to 65% LTV (reduced by 0.09%);
• Five-year fixed rate mortgage for existing customers at 3.54% with a 3% fee, available up to 65% LTV (reduced by 0.05%).
