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.”
This article is taken from Landlord Today