The Mortgage Works has confirmed changes to selected rates across its New Business and Existing Customer Switchers product ranges.

From 21 November for New Business there are a combination of rate increases and rate cuts. These include:

TMW’s buy to let two year fixed 65% LTV with no application fee has increased to 4.79%. The lender’s Limited Company two-year fixed buy to let 75% LTV with £1,495 app fee has increased to 5.99%.

However, its HMO two-year fixed 75% LTV with £1,495 fee has decreased to 5.84% and its Limited Company two-year fixed with 3% app fee has been reduced to 4.74%.

For existing customer switches, TMW has increased its buy to let five-year fixed 75% LTV with £1,495 app fee to 4.49%. And for Large Portfolio five-year fixed buy to let 75% LTV with no app fee, the rate has increased to 4.94%.