The Mortgage Works will cut rates by up to 30 basis points across the majority of its landlord products for new and existing customers, with rates starting from 4.34% tomorrow (15 November).
The Nationwide’s buy-to-let operation says highlights include:
- BTL – two-year fixes, purchase and remortage, at 4.34%, with a 3% fee, available up to 65% loan to value, down by 15bps
- BTL– five-year fixes, purchase and remortgage, at 4.49%, with a 3% fee, available up to 55% LTV down by 20bps
- BTL – two-year fixed switcher rates at 5.49%, with a £1,495 fee, available up to 65% LTV down by 30bps
The Mortgage Works head of specialist lending Daniel Clinton says: “These [reductions] build on recent enhancements to our proposition, including increasing our maximum loan to value to 75% across a landlord’s portfolio.
“At a time where interest rates are pivotal to the short-term profitability of BTL, we’re proud to offer a suite of fixed rate options below 4.50%, with rates starting as low as 4.34%.”
