Starting Tuesday, 18 November, Nationwide and its subsidiary, The Mortgage Works, are rolling out reduced buy-to-let mortgage rates for selected new business customers. As the UK’s largest building society, Nationwide continues to support landlords with competitive product offerings.
The Mortgage Works is cutting rates on selected buy-to-let products by up to 0.20 percentage points. The new rates include:
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One-year fixed rate (purchase and remortgage) at 2.49% with a 2% fee, available up to 75% loan-to-value (LTV), reduced by 0.20%.
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Two-year fixed rate (purchase and remortgage) at 2.71% with a 3% fee, available up to 75% LTV, reduced by 0.18%.
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Five-year fixed rate (remortgage only) at 3.67% with a 3% fee, available up to 75% LTV, reduced by 0.12%.
For limited company buy-to-let customers, rate reductions also apply:
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Two-year fixed rate (purchase, remortgage, and further advance) at 4.89% with a £1,495 fee, available up to 75% LTV, reduced by 0.20%—including free valuation.
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Five-year fixed rate (purchase, remortgage, and further advance) at 4.94% with a £1,495 fee, available up to 75% LTV, reduced by 0.18%—including free valuation.
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Five-year fixed rate (remortgage only) at 4.99% with a £1,495 fee, available up to 75% LTV, reduced by 0.18%—with free valuation and free legal fees.
Joe Avarne, Senior Manager at The Mortgage Works, commented: “We’re pleased to support landlords with some further rate reductions on selected mortgages from tomorrow.”
Nationwide, with over 16 million members, remains committed to offering competitive mortgage solutions across the UK.