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.
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