The Mortgage Works has reduced interest rates by 0.20% on selected buy-to-let (BTL), limited company BTL and HMO products for existing customers.
The bank’s conversion rate cuts include its two-year fixed-rate BTL product, which charges a 3% fee and offers loan-to-value ratios up to 75%, which has been reduced by 0.15% to 2.89%.
The five-year fixed rate BTL product (charged 3%, up to 75% LTV) has been reduced by 0.07% to 3.69%; the two-year fixed rate BTL product (charged 3%, up to 75% LTV) has been reduced by 0.15% to 3.79%.
Joe Avarne, senior manager at The Mortgage Works, said: “As one of the UK’s leading buy-to-let lenders, The Mortgage Works offers landlords a wide range of options to suit their different needs.
“These latest price reductions demonstrate our continued commitment and support to our existing landlord customers who are coming to the end of their current deals.”
