The Mortgage Works has reduced its mortgage rates on 2-year buy-to-let products.
Fixed and tracker 2-year products with a 2.50% fee have been reduced by 0.50% to 2.49% and 2.24% respectively, while flat products have been cut by up to 0.85% with rates starting from 2.79%.
In addition TMW’s remortgage and let to buy 2-year products up to 75% LTV have been reduced by up to 0.95% with headline rates starting from 2.89%.
Rate reductions will take effect from tomorrow.
Paul Wootton, TMW’s head of specialist mortgages, said: “This new range of Buy-to-let fixed rate and tracker mortgages will provide landlords with a wider choice of products and competitive rates.
“In addition, the changes continue to demonstrate TMW’s commitment to our customers and intermediaries, by providing competitive mortgage options for landlords who are looking to maximise their cashflow and those wishing to minimise upfront costs.
“There are also new deals for those looking to rent out their existing residential property using a TMW Let to Buy mortgage, which Nationwide customers can co-ordinate with their residential mortgage application.”