The Mortgage Works will cut rates by up to 30 basis points across selected buy-to-let products for new customers with rates starting from 3.24% on Saturday (15 March).
The Nationwide’s BTL arm says highlights of its new business reduced rates include:
- BTL — two-year fixes, purchase and remortgage, at 3.24%, with a 3% fee, available up to 65% loan to value, down by 15bps
- BTL — two-year fixes, remortgage only, at 3.54%, with a 3% fee, available up to 65% LTV, down by 20bps
- BTL — two-year fixes, remortgage only, at 4.84%, with no fee, available up to 65% LTV, down by 30bps
The Mortgage Works senior manager Joe Avarne says: “With rates starting from 3.24% these latest reductions from The Mortgage Works will help widen market access for BTL investors.”
