The information on this website is designed to provide journalists and commentators with the latest news and comment from Nationwide. If you are a customer looking for information on our products and services, please visit the main website www.nationwide.co.uk
17 January 2013
With effect from Friday January 18, The Mortgage Works (TMW) is reducing the rates across its range of buy-to-let mortgage products by up to 0.8 percentage points on fixed rates and 0.75 percentage points on tracker deals.
In addition, it is also introducing new 55 per cent and 65 per cent products, together with a new £995 fee range as well as new zero fee products - an attractive option for landlords wanting larger loans with competitive rates starting from 3.49 per cent.
Key highlights include:
Ian Andrew, managing director of Group Intermediary Sales at Nationwide, said: "The majority of our BTL products now have an arrangement fee of just £995 or less. With the latest rounds of rate cuts, it means investors can benefit from attractive monthly payments and low fees.
"Offering rates as low as 2.74 per cent for a two-year fixed and 2.99 per cent for a two-year tracker makes us among the most competitive in the market. It is positive news for the buoyant buy-to-let sector and is another reason why so many landlords choose to obtain their mortgage with TMW."
New product literature is available on the TMW website from 18 January 2012.
Applications required for all products. Details of terms and conditions available on request.