The Mortgage Works (TMW) has made a series of cuts to its limited company buy-to-let (BTL) product rates.

Standouts include 75% LTV five-year fix with £1,995 fee being cut by 30 basis points to 3.19% and the 75% LTV five-year fix with £995, which has received a cut of 35 basis points, taking it to 3.24%.

The lender has also cut the 75% LTV five-year fix with zero fee by 42 basis points, giving a new rate of 3.47%.

It adds that tracker rates have also been upped, by 25 basis points.

TMW head Daniel Clinton says: “These latest changes see us making reductions to our range of limited company mortgages, which is an important and growing segment of the market.

“Many landlords are increasingly choosing to expand their portfolio in this way following the changes to tax relief on individual ownership.”