Rates slashed on another buy to let mortgage range

The Mortgage Works has cut rates by across its new business buy to let mortgage range.

The reduction is up to 0.20 percentage points on selected one, two and five-year fixed rate products.

The Mortgage Works’s lowest buy-to-let rate now stands at 2.29%.

The new business rate cuts include:

• One-year fixed rate (purchase and remortgage) buy-to-let mortgage at 2.29% (reduced by 0.20%) with a 2% fee, available up to 75% LTV;

• Two-year fixed rate (purchase and remortgage) buy-to-let mortgage at 2.49% (reduced by 0.10%) with a 3% fee, available up to 65% LTV;

• Two-year fixed rate (remortgage only) buy-to-let mortgage at 2.84% (reduced by 0.03%) with a 3% fee, available up to 75% LTV with free valuation and free legal;

• Five-year fixed rate (remortgage only) buy-to-let mortgage at 3.57% (reduced by 0.10%) with a 3% fee, available up to 75% LTV with free valuation and free legal.

This article is taken from Landlord Today