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TMW cuts limited company rates

The Mortgage Works has reduced limited company and let to buy rates.

Following a reduction of 0.20% limited company five-year fixed rates stand at 4.99% with a 5% fee to 70% loan-to-value.

There is another option, a five-year fix at 5.54% with a 3% fee to 75% LTV, with a reduction of 0.15%.

With let to buy remortgages, two-year fixed rates stand at 4.84% to 65% LTV and 4.99% to 75% LTV, both with a 3% fee and following a reduction of 0.20%.

Daniel Clinton, head of specialist lending at The Mortgage Works, said: “We’ve made a number of rate reductions over the last couple of months to ensure that TMW remains one of the most competitive mortgage providers for all types of landlords.

“These latest rate changes are focused on ensuring we are supporting the limited company market with rates starting from 4.99% and let to buy market with a range of competitive products to help those landlords manage their finances through fixed rates.”