The Mortgage Works reduces switcher rates

16 July 2025

The Mortgage Works will be reducing rates by up to 0.30 percentage points across selected buy-to-let products for existing customers with the new rates effective from tomorrow, Thursday 17 July.

Switcher buy-to-let rate reductions include:

• Two-year fixed rate at 2.78%, with a 3% fee, available up to 65% LTV (reduced by 0.21%)
• Two-year fixed rate at 3.99% with a £1,495 fee, available up to 65% LTV (reduced by 0.13%)
• Two-year fixed rate at 4.54%, no product fee, available up to 65% LTV (reduced by 0.06%)

Switcher buy-to-let Limited Company rate reductions include:

• Two-year fixed rate at 4.04%, with a 3% product fee, available up to 75% LTV (reduced by 0.10%)
• Two-year fixed rate at 5.14% with a £1,495 product fee, available up to 75% LTV (reduced by 0.20%)
• Five-year fixed rate at 4.69% with a 3% product fee, available up to 75% LTV (reduced by 0.10%)

Full details of all rate cuts can be found here.

Joe Avarne, Senior Manager at The Mortgage Works, said:

“These latest reductions show our ongoing commitment to supporting our landlords.”