The Mortgage Works has reduced rates by up to 0.6 per cent on its buy-to-let and let-to-buy products, with effect from today (23 September).
New two, three and five-year fixed rate and two-year tracker products have been added to the 60 per cent loan-to-value tier, with rates now starting from 2.39 per cent.
Existing two-year fixed rates have also been reduced by up to 0.6 per cent.
The move will enable customers with larger deposits to access more competitive fixed rate deals.
A two-year fixed rate product is now available at 2.84 per cent at 60 per cent LTV with a £995 fee, a three-year fixed rate product is 3.39 per cent at 60 per cent LTV with a £995 fee and there is a five-year fixed rate product at 3.89 per cent at 60 per cent LTV with a £995 fee.
In addition, selected products up to 75 per cent LTV have been reduced by up to 0.5 per cent.
Henry Jordan, managing director of The Mortgage Works, said: “Landlords are keen to access competitively-priced fixed rate deals, especially now that there is increasing discussion surrounding the possibility of an interest rate rise.
“TMW has introduced rate reductions focused on lower LTV products, improving the competitiveness of products for landlords with a larger deposit and allowing them to fix for the longer term.
“The refreshed range of fixed and variable rate products is great news for both experienced and first-time landlords and for those customers looking to better their current rate.”
