TMW cuts limited company buy-to-let rates

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

There are now a trio of 5-year fixes to 75% loan-to-value with different fee structures.

There is a rate of 3.47% with no fee, 3.24% with a £995 fee, and 3.19% with a £1,995 fee.

Daniel Clinton, head of The Mortgage Works, said: “These latest changes see us making reductions to our range of Limited Company mortgages, which is an important and growing segment of the market. Many landlords are increasingly choosing to expand their portfolio in this way following the changes to tax relief on individual ownership.”

The rates are available for purchase and remortgage with other rate/fee combinations also available.

Following the recent increase in Bank Rate to 1.00%, tracker rates will also be increasing by 0.25%

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