Rates have been reduced by up to 0.50%
The Mortgage Works (TMW), the buy-to-let mortgage lender of Nationwide Building Society, has reduced rates on selected products across its range by up to 0.50%, effective today, April 19.
Buy-to-let rate reductions across selected two-, five-, and 10-year fixed rate products include:
- Two-year fixed rate buy-to-let at up to 65% loan-to-value (LTV) with a 3% fee - rate reduced by 0.30% to 3.69%
- Five-year fixed rate buy-to-let at up to 65% LTV with a 3% fee - rate reduced by 0.40% to 3.99%
- Five-year fixed rate buy-to-let at up to 75% LTV with a 3% fee - rate reduced by 0.50% to 4.19%
For limited companies, cuts across selected two- and five-year fixed rate products include:
- Two-year fixed rate limited company at up to 75% LTV with a 3% fee - rate reduced by 0.25% to 4.74% (for remortgages)
- Five-year fixed rate limited company at up to 75% LTV with a 3% fee - rate reduced by 0.15% to 4.94% (for remortgages)
For houses in multiple occupation (HMO), reductions across selected two- and five-year fixed rate products include:
- Two-year fixed rate HMO at up to 75% LTV with a 3% fee - rate reduced by 0.10% to 4.49%
- Five-year fixed rate HMO at up to 75% LTV with a 3% fee - rate reduced by 0.10% to 4.84%
On TMW’s let-to-buy, reductions across selected two- and five-year fixed rate products include:
- Two-year fixed rate let-to-buy at up to 65% LTV with a 3% fee - rate reduced by 0.25% to 4.34% (for remortgages)
- Five-year fixed rate let-to-buy at up to 75% LTV with a 3% fee - rate reduced by 0.50% to 4.59% (for remortgages)
Selected TMW buy-to-let products also come with either a free valuation, free legals, or a £400 cashback.
Find out more information about the Nationwide Mortgage Rates: Buy to Let mortgage products here.
The full details on the latest BTL rate reductions can be viewed online through the lender’s website.
“We offer a broad range of products to meet the varying needs of landlords,” Daniel Clinton, head of specialist lending at The Mortgage Works, said. “These latest rate reductions apply across the range and demonstrate our commitment to supporting the buy-to-let market with competitive products.”
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