Buy-to-let lender The Mortgage Works has cut rates by up to 0.30% for individual and limited company buy-to-let landlords.
Rates start at 3.69%, though most options come with a relatively high fee of 3%.
The 3.69% mortgage is a 2-year fix for individuals, while there is a 5-year fix at 4.04%, both of which are to 65% loan-to-value. There is also a 5-year fixed switcher rate at 4.14% available up to 75% LTV. All three options come with a 3% fee.
TMW charges a premium for limited company buy-to-let products, as 2-year fixes cost 4.99% with a 3% fee to 75% LTV. There is also a 2-year fixed rate option at 5.69% with a £3,995 fee to 75% LTV.
Finally, there is a 2-year fixed switcher rate at 6.49% to 75% LTV.
Joe Avarne, senior manager, buy-to-let mortgages at The Mortgage Works, said: “We remain as committed as ever to supporting brokers and landlords, which is why we’re pleased to announce rate cuts across our range.
“Our products are some of the most competitive in the sector and, with rates now starting from 3.69%, these new deals will improve affordability and help widen market access for buy to let investors.”
