The Mortgage Works (TMW) has lowered select buy-to-let (BTL) rates for new and existing customers by up to 0.25%.
TMW said that switcher and new business rates would start from 3.54%.
For new business rates, its two-year fixed new business rate for purchase and remortgage at 65% loan to value (LTV) with a 3% fee has fallen by 0.15% to 3.54%.
The firm’s five-year fixed new business rate for purchase and remortgage at 65% LTV with a 3% fee has decreased by 0.1% to 3.94%.
The company’s five-year fixed new business rate for purchase and remortgage at 75% LTV with a 3% fee has been cut by 0.15% to 3.99%.
The five-year fixed rate for new business purchase and remortgage at 65% LTV with a £1,495 fee has fallen by 0.25% to 4.44%.
On the switcher side, its two-year fixed rate at 55% LTV has fallen by 0.05% to 3.84%, along with its deal at 65% LTV. Both come with a 3% fee.
The lender’s five-year fixed rate with no fee at 55% LTV has decreased by 0.05% to 4.74%.
Joe Avarne, senior manager of BTL mortgages at TMW, said: “We are pleased to announce further rate cuts to demonstrate our ongoing commitment to brokers and landlords. These latest reductions make us one of the most competitive providers of buy-to-let mortgages in the sector, with rates now starting from 3.54%.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
