The Mortgage Works (TMW) is cutting rates on select five-year rate switcher mortgage products by up to 0.10% from tomorrow, 25 February.

Rates on select limited company five-year fixed rate deals up to 75% LTV will be 5.09% from tomorrow, following a 0.10% reduction. Fees of 3% apply.

Certain products for HMOs (Houses in Multiple Occupation) and large portfolio HMOs will also be reduced by 0.10% to 5.09%. These are also available up to 75% LTV and come with fees of 3%.

TMW director of landlord Dan Clinton says: “We are making further reductions to the rates on our buy-to-let switcher products, which will ensure our range remains front of mind and a competitive option for landlords coming to the end of their existing deal.”

These rate reductions follow earlier cuts announced by The Mortgage Works on Wednesday.