The Mortgage Works (TMW), the buy-to-let arm of Nationwide Building Society, has announced a reduction in selected rates across both its new business and switcher product ranges.
The changes are effective from Wednesday 9 April.
The lender confirmed that rates will fall by up to 10 basis points (bps).
Among the updated offers, TMW’s two-year fixed rate for purchase or remortgage up to 65% loan-to-value is now priced at 4.34% with a £1,495 fee, including free valuation and legal services. A fee-free version of the same product is also available at 4.74%.
For borrowers requiring up to 75% LTV, the lender is offering a two-year fixed rate at 4.49% with a £1,495 fee, again including a free valuation and legal package.
