The Mortgage Works (TMW) has reduced rates by up to 0.30 percentage points across selected buy-to-let mortgage products for new customers.

The rate reductions have seen rates now starting from 3.24%.

The updated rates include:

• Buy-to-let two-year fixed (purchase & remortgage) – 3.24% with a 3% fee, up to 65% LTV (reduced by 15bps)
• Buy-to-let two-year fixed (remortgage only) – 3.54% with a 3% fee, up to 65% LTV (reduced by 20bps)
• Buy-to-let two-year fixed (remortgage only) – 4.84% with no fee, up to 65% LTV (reduced by 30bps)

Joe Avarne, senior manager at The Mortgage Works, said: “With rates starting from 3.24%, these latest reductions from The Mortgage Works will help widen market access for buy-to-let investors.”