The Mortgage Works has cut a selection of 2-year fixes by up to 0.15% – with rates now starting from 1.74%.
The 1.74% mortgage is to 65% loan-to-value and comes with a £1,995 fee, while the lender’s 75% LTV product stands at 1.99% with a £1,995 fee.
For a product with free standard legals and value customers can take out a 65% LTV mortgage at 1.94% and 75% LTV product at 2.19%, both with £1,995 fee.
Paul Wootton, managing director of TMW, said: “TMW is looking to increase the competitiveness of its mortgage rates, with these reductions supporting landlords wanting to maximise cashflow.
“In addition, we are reducing rates on products with free standard valuation and free standard legals, offering an alternative for landlords wanting to minimise upfront costs.”