The Mortgage Works is tomorrow (19 October) reducing rates for selected Limited Company and 80% loan to value (LTV) mortgages by up to 0.10 percentage points, as well as introducing a new cashback of £1,000.
The new two-year fixed rate mortgage from the specialist buy-to-let arm of the Nationwide Building Society is up to 80% LTV mortgage with no fee comes with a £1,000 cashback and free standard valuation, with a rate of 4.69% for purchase or remortgage.
The Let to Buy five-year fixed rate product at up to 75% LTV has a rate of 3.99%, with a £1,000 cashback and free standard valuation and is for remortgage only.
In addition, a new range of Limited Company options are being introduced, including those with a £995 fee and a five-year fixed rate HMO product. There are also new 65% LTV HMO products with a £995 fee and new five-year fixed Further Advance products for existing customers, with rates starting at 2.79% with a 1% fee.
Paul Wootton, managing director of TMW, said: “These changes are aimed at supporting landlords with varied needs and requirements, helping them to access a choice of products with competitive rates and to manage their cashflow.
“With ongoing improvements to our product proposition, this further illustrates TMW’s continued commitment to supporting intermediaries and landlords.”
