The Mortgage Works, the buy-to-let arm of Nationwide Building Society, is launching its lowest ever five-year fixed rate buy-to-let mortgage product.
According to the lender, rates start from 1.99% at 50% LTV with a £1,995 fee, and from 2.39% with no fees.
In addition, there are selected rate reductions across the buy-to-let range of 0.15%, as well as new fee-free two-year fixed rates starting from 2.14%.
Paul Wootton, managing director of TMW, said: “TMW is offering landlords a range of new buy-to-let deals with competitive rates in the market, including our lowest ever five-year fixed rate product. The aim is to help landlords to manage ongoing costs and offer a wider choice of options.
This is particularly important in an environment where managing cashflow and costs has become increasing significant for both portfolio and smaller scale landlords.”