The Mortgage Works is cutting rates across a selection of buy-to-let products today.

The latest reductions, of up to 0.20 percentage points, apply to both individual and limited company borrowing and span one-, two- and five-year fixes at up to 75% LTV.

Among the changes, the buy-to-let one-year fix for purchases and remortgages is now priced at 2.49% with a 2% fee, while the two-year equivalent has fallen to 2.71% with a 3% fee.

A five-year fix for remortgage clients is set at 3.67% with a 3% fee. Each of these products has been reduced by between 0.12% and 0.20%.

Limited company landlords will also see lower pricing. The two-year fix across purchase, remortgage and further advance options is now 4.89% with a £1,495 fee and includes a free valuation, reflecting a 0.20% cut.

Two five-year options – one for purchase, remortgage and further advance, the other for remortgage only – have dropped to 4.94% and 4.99% respectively.

Both come with a £1,495 fee and a free valuation, while the remortgage-only version also offers free legals.

Joe Avarne, senior manager at The Mortgage Works, said: “We’re pleased to support landlords with some further rate reductions on selected mortgages.”