Mortgage Works has cut rates on selected BTL products by up to 0.35% for new customers.
With immediate effect, rates on these products start from 3.49%.
These cuts mean the firm’s five-year fixed rate mortgage is available at 3.69% with a 3% fee, on up to 65% LTV. This has been reduced by 0.10%.
The highest cut, of 0.35%, has seen the two-year fixed rate mortgage cut to 3.99% with a £3,995 fee on up to 65% LTV.
Elsewhere, the five-year fixed rate mortgage has been cut by 0.15% to 3.99% with a £3,995 fee. Again, this is up to 65% LTV.
“With rates starting from 3.49%, these latest reductions from The Mortgage Works will help widen market access for buy-to-let investors,” said Joe Avarne, the firm’s senior manager of BTL mortgages.
