The Mortgage Works cuts buy-to-let switcher rates by up to 25bps as landlord competition builds
The Mortgage Works cut selected buy-to-let and limited company switcher rates by up to 25bps on 28 June, with a five-year fix now at 4.44% to 65% LTV. The move tracks easing swap rates and sharper competition for landlord remortgage business rather than any base rate change, as the Bank held at 3.75%. For landlords rolling off a fixed deal it trims renewal costs; for the wider market it is a modest easing signal, not a turning point.
What this means for…
Buyers· 1/3
Sellers· 1/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 4/9.
More Rates commentary
13 Aug 2026 · Impact 5/9
Accord and Principality cut selected fixed mortgage rates by up to 18bps from 13 August as swap rates drift lower
11 Aug 2026 · Impact 6/9
HSBC cuts fixed mortgage rates from 11 August as swap rates ease, with Santander and NatWest also trimming deals
10 Aug 2026 · Impact 7/9
Santander and NatWest cut over 200 mortgage rates each by up to 25bps as HSBC follows
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