The works mortgage has reduced rates in selected fixed rate products to two and five years in its limited purchase company to rent, buy for rent and mortgage -purchase ranges with rates from 2.99%.
The two -year BTL fixed rate of the lender (purchase and remortgage) has been reduced by 0.15% to 2.99%, available up to 65% loan to value (LTV).
It has also triggered the FIVE RATE OF FIVE YEARS BTL (Purchase and Remortagage) at 0.1% to 3.74%, available up to 65% LTV.
The limited company BTL fixed rate of five years (purchase and remortage) has been reduced by 0.1% to 4.84%, available up to 75% LTV and comes with a free assessment.
But while the three products are offered with an attractive headline rate, they are subject to a 3%rate.
Meanwhile, the two -year BTL fixed rate of the limited company (purchase and remortgage) has been reduced by 0.2% to 4.99% with a rate of £ 3,995, avializable up to 75% LTV and comes with a free assessment.
Joe Avarne, senior manager of Mortgage Works, said: “We are pleased to announce these latest changes and the introduction of our lowest main rate for almost three years will be good news for runners and owners equally.”
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