The Mortgage Works has made reductions across a selection of its two- and five-year fixed rates for limited companies.

They consist of the two-year fix with a £1,995 fee being cut by 0.20 per cent, leaving it at 3.19 per cent and the two-year fix with a £995 fee being cut by 0.25 per cent, giving a rate of 3.34 per cent,

Meanwhile, the five-year fix with a £1,995 fee has been cut by 0.25 per cent to make the rate 3.64 per cent, and the five-year fix with a £995 fee has received a 0.25 per cent cut, taking the rate to 3.74 per cent.

All of the above come with a free valuation, the specialist buy-to-let arm of Nationwide adds.

Nationwide director of mortgages Henry Jordan says: “TMW offers landlords a broad range of options to meet their varying needs.

“We are making reductions to our two and five-year Limited Company products to improve the competitiveness of the range. These reductions show our continuing support for landlords looking to manage their finances through fixed rates.”