The Mortgage Works has reduced rates across selected buy-to-let and limited company buy-to-let switcher products for existing customers by up to 0.25 percentage points.

The new rates are available to existing landlord customers looking to switch to a new deal at the end of their current mortgage term.

The changes include a five-year fixed-rate buy-to-let mortgage at 4.44%, available up to 65% loan-to-value (LTV) with a £1,495 fee, following a reduction of 15bps.

The lender has also reduced its two-year fixed-rate buy-to-let product, available up to 65% LTV with no fee, by 10bps to 4.89%.

For limited company landlords, the two-year fixed-rate mortgage at up to 75% LTV has been reduced by 20bps to 5.74%. The product is available with no fee.

Dan Clinton, head of buy-to-let at The Mortgage Works, said: “As one of the UK’s leading buy-to-let lenders, we offer landlords a broad range of options to meet their varying needs.

“These latest rate reductions underline our ongoing commitment to supporting existing landlord customers who are coming to the end of their current deal.”