The Mortgage Works (TMW) will lower rates in its new business limited company range by up to 0.25%.
The changes to the limited company range will come into force from tomorrow, with pricing beginning from 4.84%.
Examples of rate cuts include its five-year fixed buy-to-let (BTL) purchase and remortgage rate at 70% loan to value (LTV), which has fallen by 0.15% to 4.84%. It has a 5% fee.
The firm’s five-year fixed BTL purchase and remortgage deal at 75% LTV with a £3,995 fee will decrease by 0.15% to 5.54%.
TMW’s five-year fixed purchase and remortgage deal at 75% LTV will be cut by 0.25% to 5.84%.
Joe Avarne, senior manager of BTL mortgages at TMW, said: “We remain as committed as ever to supporting brokers and landlords, which is why we’re pleased to announce rate cuts across our limited company range.
“Our products are some of the most competitive in the sector and, with rates now starting from 4.84%, these new deals will serve to improve affordability and help widen market access for buy-to-let investors.”
The lender recently lowered select new business and switcher BTL rates last week.
TMW has also amended its criteria for limited company landlords, so it will accept purchase applications to use a property as a BTL where the limited company is purchasing a home that is currently owned and lived in by one of its directors.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
