The Mortgage Works has reduced rates by up to 0.25% across selected limited company buy-to-let (BTL) and houses of multiple occupancy (HMO) for existing customers.

The new rates, which go live tomorrow, include a two-year fix at 3.94%, with a 3% fee, available up to 75% loan-to-value (LTV), which has been cut by 0.10%.

In addition, a two-year fixed rate, with no fee, available up to 75% LTV, has been lowered by 0.25% to 5.54% and a five-year fixed rate, with no fee, available up to 75% LTV has been trimmed by 0.25% to 5.19%.

The Mortgage Works senior manager Joe Avarne says: “We are continually looking to provide our existing landlords with competitive rates and are pleased to offer these latest reductions.”

Meanwhile, Halifax Intermediaries has made rate changes to homemover and first-time buyer products.

It has increased prices by as much as 0.05% on selected fixed rate products.

The lender has also lowered rates by up to 0.17% on selected two-year fixed rate products for 90% LTV.