The Mortgage Works - Limited Company rate reductions
13 February 2025
Rate reductions
From tomorrow, Friday 14 February, we'll be reducing selected Limited Company buy to let rates across our New Business and Switcher product ranges by up to 0.50%.
This follows the successful launch of our Limited Company buy to let pre-application check improvements. We will now tell you upfront if a company structure fits our Limited Company lending policy. Meaning you will know this before keying a full application.
Download our New Business or Switcher product guide below or visit our website for full details.
Changes to our Existing Portfolio Rental Calculation
As part of the assessment of all Portfolio applications, a landlord's existing portfolio is assessed. This is to ensure the overall aggregate LTV and Interest Coverage Ratio (ICR) is sustainable.
On Monday 10 February, the stress rate used in this assessment increased from 4.50% to 4.75%.
Personalised Portfolio Reviews issued before this date will have used the previous stress rate. This may impact portfolio eligibility and future lending.
Find out more
Product Highlights - New Business (Limited Company BTL)
2 year fixed - 4.44% - up to 75% LTV
- 3% fee
- Free Valuation
- Purchase, Remortgage & Further Advance
2 year fixed - 5.54% - up to 75% LTV
- £1,495 fee
- Free Valuation
- Purchase, Remortgage & Further Advance
5 year fixed - 5.69% - up to 75% LTV
- £0 fee
- Free Valuation
- Purchase, Remortgage & Further Advance
Service Levels
Broker Chat
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