Buy-to-let rates now start from 2.99%, after The Mortgage Works unveiled the product.
The sub-3% mortgage comes with a 3% fee and is available to 65% loan-to-value.
Joe Avarne, senior manager at The Mortgage Works, said: “We are pleased to announce these latest changes and the introduction of our lowest headline rate for nearly three years will be welcome news for brokers and landlords alike.”
Other reduced rates are:
- Buy-to-let five-year fixed rate (purchase and remortgage) at 3.74% with a 3% fee, available up to 65% LTV (reduced by 0.10%).
- Limited company buy-to-let five-year fixed rate (purchase and remortgage) at 4.84% with a 3% fee, available up to 75% LTV (reduced by 0.10%) with a free valuation.
- Limited company buy-to-let two-year fixed rate (purchase and remortgage) at 4.99% with a £3,995 fee, available up to 75% LTV (reduced by 0.20%) with a free valuation.
