The Mortgage Works will be reducing rates by up to 25bps across selected limited company BTL and HMO products for existing customers.
The new rates will be effective from today (15th August).
• two-year fixed rate at 3.94%, with a 3% fee, available up to 75% LTV (reduced by 0.1%)
• two-year fixed rate at 5.54%, with no fee, available up to 75% LTV (reduced by 0.25%)
• five-year fixed rate at 5.19%, with no fee, available up to 75% LTV (reduced by 0.25%)
Joe Avarne, senior manager at The Mortgage Works, commented: “We are continually looking to provide our existing landlords with competitive rates and are pleased to offer these latest reductions.”
