The Mortgage Works has introduced it is going to lower selected two and five-year mounted charge merchandise throughout its mortgage vary for brand spanking new and present prospects, efficient tomorrow (18 September).
Limited firm buy-to-let (BTL) and BTL merchandise will see reductions of as much as 0.15%.
Limited firm BTL lowered charges embrace a two-yr mounted charge (buy, remortgage and additional advance) mortgage for brand spanking new prospects at 3.87%, which has been lowered by 0.12% and comes with a 3% charge, accessible as much as 75% loan-to-value (LTV) with a free valuation.
It additionally contains the five-year mounted charge (buy, remortgage and additional advance) mortgage for brand spanking new prospects at 4.52%, which has been lower by 0.15% and comes with a 3% charge, accessible as much as 75% LTV with a free valuation.
The five-year mounted charge switcher mortgage for present prospects has been lowered by 0.10% to five.09% with no charge, accessible as much as 75% LTV.
The BTL cuts embrace the two-yr mounted charge (buy and remortgage) mortgage for brand spanking new prospects, which has gone down by 0.05% to 2.74%. This comes with a 3% charge, accessible as much as 65% LTV.
The Mortgage Works has additionally lowered the five-year mounted charge (buy and remortgage) mortgage for brand spanking new prospects to three.76% from 3.90% and comes with a 3% charge, accessible as much as 75% LTV.
The two-yr mounted charge switcher mortgage for present prospects has been lowered to 4.49%, a 0.05% lower. It has no charge and is out there as much as 65% LTV.
The Mortgage Works senior supervisor Joe Avarne says: “These reductions reveal our dedication to providing aggressive charges, as we purpose to make sure that The Mortgage Works continues to be entrance of thoughts for landlords.”
