The Mortgage Works has cut some buy-to-let rates for those who already have a mortgage and want to switch.
Its 2-year fixed rate is priced at 4.99% with a 3% fee to 55% loan-to-value, a huge reduction of 0.85%.
Following the changes its 3-year fix costs 5.29% to 65% LTV (-0.70%) and 5-year fix is 5.34% to 75% LTV (-0.40%), both with a 3% fee.
Dan Clinton, head of specialist lending at The Mortgage Works, said: “As one of the UK’s leading buy-to-let lenders, TMW offers landlords a broad range of options to meet their varying needs.
“These latest rate reductions showcases our continued commitment and support to our existing customers helping them to manage their finances through our competitive rates.”
Rounding up the changes, the lender’s 10-year fixed rate at 5.49% with a fee of £1,495 is available up to 75% LTV (-0.45%), while its 2-year tracker is now priced at 5.04% with a 3% fee to 65% LTV (-0.05%).
The Mortgage Works is the buy-to-let brand of Nationwide Building Society.