The Mortgage Works has reduced its rates by up to 0.30 percentage points across selected buy-to-let (BTL) products existing customers. 

The new rates, which start from tomorrow, include the switcher BTL two-year fixed rate with a 3% fee, available up to 65% loan-to-value (LTV), which has been lowered by 0.21% to 2.78%. 

The two-year fixed rate with a £1,495 fee, available up to 65% LTV has been reduced by 0.13% to 3.99%.

Meanwhile, switcher BTL limited company rates have also gone down.

The two-year fixed rate with a 3% product fee, available up to 75% LTV which has been cut by 0.10% to 4.04%.

The two-year fixed rate with a £1,495 product fee, available up to 75% LTV has been lowered by 0.20% to 5.14% and the five-year fixed rate with a 3% product fee, available up to 75% LTV has been cut by 0.10% to 4.69%.

The Mortgage Works senior manager Joe Avarne says: “These latest reductions show our ongoing commitment to supporting our landlords.”