The Mortgage Works (TMW) has cut rates across residential, buy-to-let (BTL) and shared ownership deals.
TMW has cut rates by up to 0.2 percentage points on selected one-, two- and five-year fixed rate products across its mortgage range for new and existing customers, as well as introducing new products to its BTL range.
Highlights from the rate cuts include a two-year fixed rate BTL mortgage at 3.32%, reduced by 0.12%, with a 3% fee, available up to 65% loan to value (LTV), and a two-year fixed rate for limited company investors in houses of multiple occupation (HMOs) priced at at 4.39%, reduced by 0.2%. This deal also has a 3% fee and is available up to 75% LTV.
The lender is also introducing new deals to its range including a one-year fix at 4.34% and a 4.84% deal that comes with free valuation and legal services.
BTL borrowers can also access a two-year tracker deal at 4.19%. All deals are available up to 75% LTV and carry a 1% fee.
The big BTL planner: Key dates landlords need to know
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Virgin makes rate cuts
Meanwhile, Virgin Money has cut its two-year fixed rates by up to 0.26%, five-year fixes by up to 0.24% and shared ownership fixes by up to 0.26%.
