Five-year fix with a 5% fee now starts at 4.89%
The Mortgage Works (TMW), the buy-to-let mortgage lender of Nationwide Building Society, has reduced rates by up to 30 basis points (bps) across its limited company and house in multiple occupation (HMO) range for new customers.
The limited company rate cuts include a 30bps reduction on both the 5.19% one- and two-year fixed rate for purchase and remortgages. Available at up to 75% loan-to-value (LTV), the one-year and two-year fix have a 2% and 3% fee, respectively. Also reduced by 10bps is the lender’s five-year fixed rate with a 5% fee, available up to 70% LTV and now has a rate of 4.89%.
Full details on the latest rate reductions made by TMW can be found on its website.
“These latest rate cuts demonstrate our commitment to the buy-to-let sector as we continue to offer some of the most competitive rates in the market,” said Daniel Clinton, head of specialist lending at Nationwide Building Society. “This is our fourth reduction in five weeks, with these particular reductions focusing on supporting limited company and HMO landlords.”
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