The Mortgage Works cuts 2 & 5-year rates

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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.”

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