"With rates now starting from 4.84%, these new deals will serve to improve affordability and help widen market access for buy-to-let investors."
- Joe Avarne, senior manager for buy-to-let mortgages at The Mortgage Works
The Mortgage Works (TMW) has reduced rates by up to 0.25 percentage points on new business limited company buy-to-let products, with rates starting from 4.84%.
Available for purchase and remortgage, five-year fixed rates now start from 4.84% at 70% LTV with a 5% fee and 5.54% at 75% LTV with a £3,995 fee.
The largest reduction is to a five-year fix at 75% LTV, reducing by 25bps to 5.84% with no fee.
Last month, The Mortgage Works launched a new tool to help brokers support portfolio landlords. The Portfolio Review tool helps brokers access lending information on all of their portfolio landlords' properties and identify potential future borrowing opportunities with The Mortgage Works on all properties landlords own.
Joe Avarne, senior manager for 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 on selected products across our limited company range.
"Our products are some of the most competitive in the sector, and with rates now starting from 4.84%, these new deals will serve to improve affordability and help widen market access for buy-to-let investors.”
