The Mortgage Works cuts 2 & 5-year rates

Published on

The Mortgage Works has cut rates across selected two and five-year fixed products, with reductions of up to 0.25% for limited company buy-to-let deals and up to 0.15% for standard buy-to-let and let-to-buy mortgages.

The changes apply to products available for purchase, remortgage and further advance, and include free valuations across the board.

For remortgages, several offers also come with free legal support.

For limited company borrowers, the revised range includes a two-year fixed at 3.99% with a 3% fee, available up to 75% loan-to-value — down by 0.15%.

A further option at 5.09% with a £1,495 fee, also up to 75% LTV, is cut by 0.25%, while a fee-free two-year fixed at 5.59% sees a reduction of 0.20%.

In the standard buy-to-let range, a two-year fixed for remortgage only is now priced at 4.04% with a £1,495 fee up to 65% LTV, trimmed by 0.05%.

The equivalent product at 75% LTV is reduced by 0.15% to 4.09%.

A five-year fixed, also for remortgage only and offered at 4.44% with no fee up to 75% LTV, is reduced by 0.05%.

Joe Avarne, senior manager at The Mortgage Works, said: “We are pleased to announce further rate cuts across our mortgage range, which should come as great news for landlords.

“They really demonstrate that The Mortgage Works remains committed to supporting all types of landlords with competitive rates.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Coventry for intermediaries reduces rates across residential and buy-to-let ranges

Coventry for intermediaries has announced rate cuts of up to 19 basis points, with...

Halifax cuts remortgage rates across selected two and five-year fixed deals

Halifax Intermediaries has announced a series of rate cuts across its remortgage product range,...

The Leeds reports £104m profit amid robust lending and savings growth

Leeds Building Society has reported a profit before tax of £104.4 million for the...

Annual house price growth picks up as affordability improves

The UK housing market showed renewed resilience in July, with house prices rising by...

Latest publication

Latest opinions

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Other news

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Coventry for intermediaries reduces rates across residential and buy-to-let ranges

Coventry for intermediaries has announced rate cuts of up to 19 basis points, with...

Halifax cuts remortgage rates across selected two and five-year fixed deals

Halifax Intermediaries has announced a series of rate cuts across its remortgage product range,...