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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

 

Nationwide subsidiary, The Mortgage Works, listens and acts

01 March 2013

The Mortgage Works, a subsidiary of Nationwide Building Society, has removed the exclusion of tenants on benefits and Local Authority tenants from its Buy-to-Let terms and conditions. This follows concerns raised by its customers.

The clarification of the terms and conditions, which took place last December, brought The Mortgage Works into line with several other Buy-to-Let lenders. This will now be removed.

Richard Napier, Divisional Director of Mortgages for the Nationwide Group said: “The Buy-to-Let sector is very important to us. We have listened to concerns that have been expressed by some of our customers, over the last few days, and believe this is the right way forward for The Mortgage Works, for landlords and for their tenants.”

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Nationwide Building Society is authorised and regulated by the Financial Services Authority under registration number 106078. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. You can confirm our registration on the FSA's website, www.fsa.gov.uk or by contacting the FSA on 0845 606 1234.