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These products are unique to the Buy to Let market and offer more choice for customers.
The Mortgage Works is also making selected changes across its product range.
Highlights include:
Let to Buy range extended to 70 per cent LTV, previously 65 per cent LTV, and the introduction of a new 2 year tracker rate at 3.99 per cent, with a 3.50 per cent fee.
New 1 year Buy to Let fixed rate at 3.99 per cent, with a 3.00 per cent fee.
3 year Buy to Let fixed rate with 1.50 per cent fee reduced from 6.24 per cent to 5.99 per cent.
Tracie Pearce, strategic product marketing manager, The Mortgage Works said: "We want to offer our customers choice and flexibility when choosing a mortgage product. The new range features Stepped Buy to Let Tracker products with rates from Bank of England Base Rate + 4.14 per cent (4.64 per cent), stepping down to Bank of England Base Rate + 2.14 per cent (2.64 per cent) in the second year. These products are unique to the Buy to Let market, designed to help landlords budget against potential Base Rate increases."
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