The Mortgage Works is withdrawing its 10-year fixed rate products and increasing rates on buy-to-let deals for limited companies by up to 30 basis points 

The two 10-year fixed rates being withdrawn are in its new business range for buy-to-let purchase and remortgage at 65 per cent loan-to-value, which come with free valuation and £250 cashback.

The following new business rates for purchase and remortgage through a limited company are increasing:

• Two-year fixed rate, 75 per cent LTV with £1,995 fee – increased from 3.09 per cent to 3.39 per cent
• Two-year fixed rate, 75 per cent LTV with £995 fee – increased from 3.39 per cent to 3.59 per cent
• Five-year fixed rate, 75 per cent LTV with £1,995 fee – increased from 3.59 per cent to 3.89 per cent
• Five-year fixed rate, 75 per cent LTV with £995 fee – increased from 3.69 per cent to 3.99 per cent

All of the above products come with a free standard valuation.

Current rates will be available until 8pm this evening.