The Mortgage Works has reduced rates by up to 0.20% across selected buy-to-let (BTL), limited company BTL and HMO products for existing customers.

The lender’s switcher rate reductions include its two-year fixed rate BTL product, with a 3% fee, available up to 75% loan-to-value, which has been cut by 0.15% to 2.89%.

The five-year fixed rate BTL product, with a 3% fee, available up to 75% LTV has been lowered by 0.07% to 3.69% and the two-year fixed rate limited company BTL product, with a 3% fee, available up to 75% LTV has been reduced by 0.15% to 3.79%.

The Mortgage Works senior manager Joe Avarne says: “As one of the UK’s leading buy-to-let lenders, The Mortgage Works offers landlords a broad range of options to meet their varying needs.”

“These latest rate reductions demonstrate our continued commitment and support to our existing landlord customers who are coming to the end of their current deal.”