Good news for property investors. The Mortgage Works, a big name in buy-to-let mortgages, has just announced some juicy rate cuts. You could be saving a bundle on your next investment property!

Rates Starting From 3.54%

You can now get a BTL mortgage with The Mortgage Works starting from a super-low 3.54%.

The Mortgage Works is really cutting it close on new buy-to-let mortgages.

• The five-year fix for both purchasing and remortgaging has been slashed by 0.25% to just 4.44%. This deal comes with a £1,495 fee and is available up to 60% loan-to-value (LTV), meaning you need a decent deposit.
• They’ve also reduced rates on other new BTL mortgages, including a two-year fix at 3.54% (3% fee, available up to 65% LTV) and a five-year fix at 3.94% (3% fee, up to 65% LTV).

Existing Landlords Get A Slice Of The Pie Too

It’s not just new buyers who benefit. The Mortgage Works has also lowered rates for existing landlords looking to switch mortgages.

• You can now get a two-year fix at 3.84% with a 3% fee, available up to 55% LTV. That’s a 0.05% reduction!

Other Changes To Look Out For

Other rate reductions for existing landlords include:

• A two-year fix at 3.84% with a 3% fee, available up to 65% LTV (reduced by 0.05%)
• A five-year fix at 4.74% with no fee, available up to 55% LTV (reduced by 0.05%)

The Takeaway

With rates starting from 3.54%, you can now snag a great deal. It’s worth chatting with a mortgage broker to see if one of these deals could save you money. Remember, you need a decent deposit for most of these deals, so make sure you’ve got your finances in order!