The Mortgage Works (TMW) is (from November 18) reducing rates by up to 0.20 percentage points across its limited company range for new and existing customers and let to buy range for new customers.

The Limited Company rate reductions include:

Five-year fixed rate (purchase and remortgage) at 4.99% with a 5% fee, available up to 70% LTV (reduced by 0.20%)

Five-year fixed rate (purchase and remortgage) at 5.54% with a 3% fee, available up to 75% LTV (reduced by 0.15%)

Five-year fixed rate (switcher) at 5.09% with a 5% fee, available up to 70% LTV (reduced by 0.20%)

The Let to Buy reduced rates include:

Two-year fixed rate (remortgage) at 4.84% with a 3% fee, available up to 65% LTV (reduced by 0.20%)

Two-year fixed rate (remortgage) at 4.99% with a 3% fee, available up to 75% LTV (reduced by 0.20%)

Five-year fixed rate (remortgage) at 4.69% with a 3% fee, available up to 65% LTV (reduced by 0.20%)

Commenting on the changes TMW head of specialist lending Daniel Clinton 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.”