
The Mortgage Works is cutting rates on selected buy-to-let products by up to 0.20 percentage points, effective immediately.
New business rate reductions include:
Buy-to-let one-year fixed rate (purchase and remortgage) at 2.49% with a 2% fee, available up to 75% LTV (reduced by 0.20%)
Buy-to-let two-year fixed rate (purchase and remortgage) at 2.71% with a 3% fee, available up to 75% LTV (reduced by 0.18%)
Buy-to-let five-year fixed rate (remortgage only) at 3.67% with a 3% fee, available up to 75% LTV (reduced by 0.12%)
New business rate reductions for a limited company include:
Limited company buy-to-let two-year fixed rate (purchase, remortgage and further advance) at 4.89% with a £1,495 fee, available up to 75% LTV (reduced by 0.20%) – with free valuation.
Limited company buy-to-let five-year fixed rate (purchase, remortgage and further advance) at 4.94% with a £1,495 fee, available up to 75% LTV (reduced by 0.18%) – with free valuation.
Limited company buy-to-let five-year fixed rate (remortgage only) at 4.99% with a £1,495 fee, available up to 75% LTV (reduced by 0.18%) – with free valuation and free legals.
Daniel Clinton, head of buy-to-let at The Mortgage Works, says it remains committed to supporting landlords who share its vision of helping to house one in five households, to support livelihoods, and underpin financial futures. He adds: “We believe in a sector that is fair, forward-looking, and built on long-term relationships. Our product offering is focused on the needs of landlords who are committed to responsible investment - whether you're a first-time landlord, operating through a limited company, managing a portfolio, or letting out HMOs.”
The Mortgage Works recently introduced a Decision in Principle (DIP) for limited company purchase and remortgage applications to improve its application process and speed up lending decisions.
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