Mortgage work has announced that it will offer selected two- and five-year fixed-rate products to new and existing customers in its mortgage range, effective tomorrow (September 18).
The purchase amount of limited liability (BTL) and the reduction in BTL products is up to 0.15%.
Limited company BTL reduces interest rates including a two-year fixed interest rate (purchase, cash out and further advance payment) mortgage of 3.87% for new clients, a 0.12% reduction and a 3% fee, freely valuable to obtain a loan to value (LTV).
It also includes a five-year fixed interest rate (purchase, cash out and further advance payment) mortgage for 4.52% new customers, which has been reduced by 0.15% with a 3% fee, with a free valuation of 75% LTV.
Five-year fixed-rate switching mortgages for existing customers have been reduced by 0.10% to 5.09%, with no fees and up to 75% of LTV.
BTL cuts included two-year fixed-rate (buy and cash out) mortgages for new clients, which fell 0.05% to 2.74%. This is 3% off and up to 65% on LTV.
The mortgage project also reduces new customers’ five-year fixed-rate (buy and redeemed) mortgages by 3.76% from 3.90% and comes with a 3% fee that can reach up to 75% of LTV.
Two-year fixed-rate switching mortgages for existing clients have been reduced to 4.49%, a 0.05% cut. It has no fees and can reach up to 65% of an LTV.
“These reductions demonstrate our commitment to providing competitive rates as we aim to ensure that the mortgage continues to be the mind of the landlord,” said Joe Avarne, senior manager of mortgage staff.
