The Mortgage Works (TMW) is reducing rates by up to 0.30 percentage points across its limited company and HMO range for new customers.

The limited company rate reductions include one-year fixed rate (purchase and remortgage) at 5.19% with a 2% fee, available up to 75% LTV (reduced by 0.30%).

Two-year fixed rate (purchase and remortgage) at 5.19% with a 3% fee, available up to 75% LTV (reduced by 0.30%).

Five-year fixed rate (purchase and remortgage) at 4.89% with a 5% fee, available up to 70% LTV (reduced by 0.10%)

The rates reduction comes into effect on Tuesday 28 November.

TMW, which is part of Nationwide Building Society, is a specialist buy to let mortgage lender, works primarily through regulated intermediaries.

The Mortgage Works head of specialist lending Daniel Clinton said: “These latest rate cuts demonstrate our commitment to the buy-to-let sector as we continue to offer some of the most competitive rates in the market. This is our fourth reduction in five weeks with these particular reductions focusing on supporting Limited Company and HMO landlords.”