The Mortgage Works, the specialist Buy to Let arm of Nationwide Building Society, is launching a range of new 50% LTV 2 year fixed rate buy to let mortgages and reducing rates on existing products by 0.10%.
Rates for the new 50% LTV 2 year fixed products start at 1.49% with a £1995 fee, and 1.59% with a 1% fee. In addition, a choice of products with free standard valuation and free legals, or free valuation and £250 cashback start at rates of 1.54% and 1.64% respectively.
Existing 50% LTV products with no arrangement fee are being reduced by 0.10%, with those with free standard valuation and free legals starting at 2.14%, and those with free valuations and £250 cashback at 2.24%.
Paul Wootton, Managing Director of TMW, said:
“TMW is offering landlords a range of new 50 per cent LTV buy to let deals with competitive rates in the market, with the aim of helping landlords to manage ongoing costs and offer a wider choice of options.”