"The Society has introduced a new one-year fixed mortgage with its lowest ever rate, to support these landlords."
From tomorrow, existing landlords looking to transfer to a new product can opt for the new one-year fixed rate mortgage, which is available at 1.00% up to 65% LTV with a 2% product fee.
The new product marks the lowest fixed rate ever offered by TMW.
Henry Jordan, Nationwide’s director of mortgages, said: “The impact of Covid-19 has led to uncertainty in the property market and some landlords are looking to manage their cashflow as they navigate the coming months.
"Some may be reluctant to lock into a long term mortgage deal, so the Society has introduced a new one-year fixed mortgage with its lowest ever rate, to support these landlords.”
