The Mortgage Works cuts buy-to-let charges

Editorial Team
2 Min Read


The Mortgage Works is lowering buy-to-let charges by as much as 0.35%, with charges ranging from 2.79%.

Its buy-to-let 2-year fastened charge (remortgage solely) now prices 2.99% to 65% LTV with a 3% charge.

In the meantime 5-year fastened charges for remortgage are priced at 3.82% to 75% LTV with a 3% charge.

Each include a free valuation and legals.

Joe Avarne, senior supervisor at The Mortgage Works, mentioned: “We’re happy to announce additional charge cuts to display our ongoing dedication to brokers and landlords. These newest reductions make us probably the most aggressive suppliers of buy-to-let mortgages within the sector.”

There may be additionally a restricted firm buy-to-let five-year fastened charge (buy, remortgage and additional advance) at 4.67% with a 3% charge, out there as much as 75% LTV.

In the meantime there’s an HMO buy-to-let two-year fastened charge (buy, remortgage and additional advance) at 5.49% with a £1,495 charge, to 75% LTV.

Switcher charge reductions embody: a buy-to-let two-year fastened charge at 2.99% with a 3% charge, out there as much as 65% LTV, decreased by 0.15%.

Additionally, there’s a buy-to-let two-year fastened charge at 4.12% with £1,495 charge, to 65% LTV, decreased by 0.06%.

Lastly, there’s a restricted firm buy-to-let two-year fastened charge at 4.14% with a 3% charge to 75% LTV, decreased by 0.30%.

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