The Mortgage Works, the specialist buy to let arm of the Nationwide Building Society, is reducing selected two and five year rates by up to 0.6 per cent and introducing a range of 50 per cent loan to value (LTV) products from tomorrow.
Rates for the 50 per cent LTV five-year fixed rate mortgage product start at 1.94 per cent with a £1,995 fee, and are for purchase and remortgage.
Selected two- and five-year fixed rate products with a zero fee have been reduced, with the five-year fixed rate up to 65 per cent LTV with zero fee now starting at 2.49 per cent, reduced from 3.09 per cent. The two-year fixed rate up to 65 per cent LTV with zero fee starts at 2.39 per cent, down from 2.44 per cent, with both available for purchase and remortgage.
In addition, free valuations have been added to all houses of multiple occupation (HMO) mortgage products, while selected tracker rates have been increased by up to 0.1 per cent.
Paul Wootton, managing director of TMW, said: “These changes are designed to expand the product choices for landlords, including those with larger deposits as well as those looking for payment security.
“By offering competitive fixed rate deals and a wider range of products to help manage their cash flow, we are demonstrating TMW’s continued commitment to supporting intermediaries and landlords.”
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
