More Buy To Let mortgage rate cuts starting today…

The Mortgage Works is today reducing selected Buy to Let rates for new and existing customers by up to 0.25 percentage points, with rates starting from 3.54%.

New business buy-to-let rates include:

– Two-year fixed rate (purchase and remortgage) at 3.54% with a 3% fee, available up to 65% LTV (reduced by 0.15%)   

– Five-year fixed rate (purchase and remortgage) at 3.94% with a 3% fee, available up to 65% LTV (reduced by 0.10%)

– Five-year fixed rate (purchase and remortgage) at 3.99% with a 3% fee, available up to 75% LTV (reduced by 0.15%)

– Five-year fixed rate (purchase and remortgage) at 4.44% with a £1,495 fee, available up to 65% LTV (reduced by 0.25%).

and new buy-to-let switcher rates include:

– Two-year fixed rate at 3.84% with a 3% fee, available up to 55% LTV (reduced by 0.05%)   

– Two-year fixed rate at 3.84% with a 3% fee, available up to 65% LTV (reduced by 0.05%)

– Five-year fixed rate at 4.74%, with no fee, available up to 55% LTV (reduced by 0.05%)

A spokesperson for The Mortgage Works says: “These latest reductions make us one of the most competitive providers of buy-to-let mortgages in the sector with rates now starting from 3.54%.”

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