The Mortgage Works cuts its buy to let rates again

The Mortgage Works (TMW) has announced further reductions to their buy to let mortgage rates, making them even more competitive for landlords.

New and existing customers can now benefit from rates starting from just 3.54%.

This is the third round of cuts from TMW in recent months, and TMW’s senior manager, buy to let mortgages, Joe Avarne, said: “We are pleased to announce further rate cuts to demonstrate our ongoing commitment to brokers and landlords.

“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%.”

Apply to a range of fixed-rate products

The latest reductions apply to a range of fixed-rate products, including two and five-year options.

For new buy to let customers, a two-year fixed rate mortgage (for purchase and remortgage) is now available at 3.54% with a 3% fee, up to 65% loan-to-value (LTV). This represents a reduction of 0.15 percentage points.

There are also competitive options for borrowers with lower deposits. A five-year fixed rate BTL mortgage is available at 3.99% with a 3% fee, up to 75% LTV. This rate has been reduced by 0.15 percentage points.

Existing customers looking to switch their buy to let mortgage can also benefit from the latest reductions.

A two-year fixed rate deal is available at 3.84% with a 3% fee, up to 65% LTV. This reflects a reduction of 0.05 percentage points.

For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below: