The Mortgage Factory will reduce interest rates by a maximum of 0.45 percentage points tomorrow.
The buy-to-let lender is making price cuts across its range.
New rates include:
- Two-year fixed rate (purchase and remortgage) buy to let at 3.49% with a 3% fee, available up to 65% LTV (reduced by 5 basis points)
- Five-year fixed rate (purchase and remortgage) private company for rental at 4.59% with a 5% fee, available up to 70% LTV (reduced by 25 basis points)
- Five-year fixed rate (purchase and remortgage) private company for rental at 4.99% with a 3% fee, available up to 75% LTV (reduced by 30 basis points)
Two-year fixed rate (purchase and remortgage) multi-occupancy limited liability companies (HMO) at 4.94% with a 3% fee, available up to 75% LTV (reduced by 45 basis points)
Joe Avarne, TMW senior manager for buy-to-let mortgages, said: “We are pleased to announce further rate cuts as this further demonstrates our continued commitment to agents and landlords.”