The Mortgage Works is cutting rates by up to 0.20 percentage points on selected two and five-year fixed rate products for new and existing customers across its limited company buy-to-let range.
The new rates are effective now.
New business limited company buy-to-let rates include:
• Two-year fixed rate (purchase, remortgage and further advance) at 3.74% (reduced by 0.20%) with a 3% fee, available up to 75% LTV with free valuation;
• Two-year fixed rate (purchase, remortgage and further advance) at 4.74% (reduced by 0.15%) with a £1,495 fee, available up to 75% LTV with free valuation;
• Five-year fixed rate (purchase, remortgage and further advance) at 4.97% (reduced by 0.07%) with no fee, available up to 75% LTV with free valuation.
Existing limited company customer switcher rates include:
• Two-year fixed rate at 3.74% (reduced by 0.05%) with a 3% fee, available up to 75% LTV;
• Two-year fixed rate at 5.29% (reduced by 0.15%) with no fee, available up to 75% LTV;
• Five-year fixed rate at 4.79% (reduced by 0.05%) with a £1,495 fee, available up to 75% LTV.
