Rates will be reduced by up to 0.10% from February 25
The Mortgage Works (TMW) has reduced rates on selected five-year rate switcher mortgage products by up to 0.10% - the reductions started from Saturday, February 25.
On the lender’s limited company range, reductions will be made across selected five-year fixed rate products of up to 0.10%, including a product at up to 75% loan-to-value (LTV) with a 3% fee and a new rate of 5.09%.
For houses in multiple occupation (HMO), rate cuts will be implemented across selected five-year fixed rate products of up to 0.10%, including one at 5.09% with a 3% fee and available up to 75% LTV.
Under the large portfolio HMO range, a five-year fixed rate product at up to 75% LTV with a 3% fee will also be reduced by 0.10% to 5.09%.
Other rate and fee combinations are also available on TMW’s switcher products. The full details on all switcher rate reductions can be viewed online through the lender’s website.
“We are making further reductions to the rates on our buy-to-let switcher products, which will ensure our range remains front of mind and a competitive option for landlords coming to the end of their existing deal,” Dan Clinton, director of landlord at The Mortgage Works, said.
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