Limited company products get as much as 40bps reduction
The Mortgage Works (TMW) has reduced rates on selected buy-to-let and limited company mortgage products by up to 40 basis points (bps).
On the lender’s buy-to-let range, reductions of up to 15bps have been made on specific rates. The adjustments include a five-year fixed rate for both purchase and remortgage deals, set at 3.99% with a 3% fee for up to 55% loan-to-value (LTV), marking a 10bps cut.
Another five-year fixed rate offer stands at 4.04%, also with a 3% fee for up to 65% LTV, reduced by 10bps. In addition, a no-fee five-year fixed rate option is available at 4.59% for up to 65% LTV, with a 15bps decrease.
For limited company mortgages, TMW has lowered selected rates by 40bps, including a two-year fixed rate for purchase and remortgage at 4.99% with a 3% fee, available for up to 75% LTV.
Complete details of all rate adjustments can be found on the TMW’s website.
“As one of the UK’s leading buy-to-let lenders, we continue to support landlords with a range of product options,” said Dan Clinton, head of specialist lending at The Mortgage Works.
“We know that rate is a key consideration for those in the buy-to-let and limited company market as they try to manage their finances through fixed rates. The current environment means we’re pleased to be able to make reductions on selected mortgages.”
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