The Mortgage Works introduces new two-year tracker products and cuts fixed buy-to-let rates

27 May 2026

The Mortgage Works is from tomorrow (Thursday 28 May) introducing new two-year tracker products to its buy-to-let range as well as cutting rates on selected two, three and five-year fixed rate products for new and existing customers.

New products introduced:

The Mortgage Works will be introducing new two-year tracker buy-to-let products for new and existing customers which include:

New two-year tracker buy-to-let product (purchase and remortgage with a free valuation) up to 65% LTV with a 1% fee at 4.19%.
New two-year tracker buy-to-let product (remortgage only with free valuation and free legals) up to 65% LTV with a 1% fee at 4.29%.
New two-year tracker buy-to-let product (existing customer switcher) up to 65% LTV with a 1% fee at 4.19%.

The Mortgage Works will also be cutting rates by up to 0.15 percentage points on selected two, three and five-year fixed rate products across its buy-to-let and let-to-buy ranges.

Examples include:

Five-year fixed rate (purchase and remortgage) buy-to-let mortgage at 4.39% (reduced by 0.15%) with a 3% fee, available up to 75% LTV.
Five-year fixed rate (purchase and remortgage) buy-to-let mortgage at 4.97% (reduced by 0.10%) with no fee, available up to 65% LTV.
Five-year fixed rate (existing customer switcher) buy-to-let mortgage at 4.29% (reduced by 0.05%) with a 3% fee, available up to 65% LTV.
Two-year fixed rate (existing customer switcher) buy-to-let mortgage at 5.27% (reduced by 0.13%) with no fee, available up to 75% LTV.

Keir Fraser, Lead Manager at The Mortgage Works, said:

“These latest cuts across our buy-to-let range are a welcome boost for landlords, especially at a time when cost pressures continue to remain front of mind. We also want to ensure landlords have choice and flexibility when they are financing their properties, which is why we’ve introduced a variety of new tracker product options. All our tracker products come with a ‘switch to fixed’ option, which allows for customers to change to a fixed deal at any time, with no early repayment charge, offering security and flexibility.”