"These selected reductions across our fixed rate buy-to-let mortgage range enhances choices for landlords"
The Mortgage Works, the buy-to-let arm of the Nationwide Building Society, is reducing selected two and five-year fixed rate mortgages by up to 0.30%.
From tomorrow, two-year fixed rates up to 65% LTV will start at 1.59% with a £1,995 fee or 1.69% with a £995 fee, both with free valuation and £250 cashback
For two-year fixed rate products up to 75% LTV, rates start at 1.99% with a £1,995 fee.
Five-year fixed rates now start at 1.89% up to 50% LTV and 1.99% up to 65% LTV, both with a £1,995 fee. At up to 75% LTV, rates start at 2.14%, reduced from 2.34%, and with a £1,995 fee.
Paul Wootton, managing director of TMW, said: “These selected reductions across our fixed rate buy-to-let mortgage range enhances choices for landlords, particularly those landlords looking for payment security and looking to manage their cashflow. This helps to demonstrate TMW’s continued commitment to supporting intermediaries and landlords.”