Another lender slashes rates for new buy to let business

The Mortgage Works is reducing its rates for new buy to let borrowers by up to 0.35 percentage points across selected products, starting today.

New buy to let reduced rates include: 

  – Five-year fixed rate (purchase and remortgage) at 3.69% with a 3% fee, available up to 65% LTV (reduced by 0.10%);

• Two-year fixed rate (purchase and remortgage) at 3.99% with a £3,995 fee, available up to 65% LTV (reduced by 0.35%); and

• Five-year fixed rate (purchase and remortgage) at 3.99% with a £3,995 fee, available up to 65% LTV (reduced by 0.15%) 

A spokesperson for The Mortgage Works says: “With rates starting from 3.49%, these latest reductions from The Mortgage Works will help widen market access for buy-to-let investors.”

This article is taken from Landlord Today