The Mortgage Works cuts buy-to-let rates
Original Article Summary
The Mortgage Works is reducing buy-to-let rates by up to 0.35%, with rates starting from 2.79%. Its buy-to-let 2-year fixed rate (remortgage only) now costs 2.99% to 65% LTV with a 3% fee. Meanwhile 5-year fixed rates for remortgage are priced at 3.82% to 75% LTV with a 3% fee. Both come with a free […] The post The Mortgage Works cuts buy-to-let rates appeared first on PropertyWire.
PropMatch Curated Analysis
The Mortgage Works has cut buy-to-let rates by up to 0.35%, offering competitive rates from 2.79% across various products including standard BTL, limited company, and HMO mortgages. This demonstrates improved lending conditions and competitive pricing for landlords seeking financing.
Investor Relevance
Directly relevant for landlords seeking new mortgages or remortgaging existing properties, offering potential cost savings and competitive rates. Particularly important for those with limited company structures or HMO investments who often face higher rates.
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