TMW cuts buy-to-let rates and expands limited company range

Nationwide's buy-to-let arm, The Mortgage Works, is reducing rates on selected two-year mortgages by up to 0.65%, as well as expanding its limited company offering and extending cashback across its entire let-to-buy range.

Related topics:  Finance
Rozi Jones
26th September 2018
Nationwide 443
"These changes are designed to support a wide range of landlords, helping them to access a greater choice of competitive rates and to manage their cashflow. "

From tomorrow, landlords can access a two-year fixed rate at 1.49% up to 65% LTV with a £1,995 fee, or 2.14% with no fee.

Selected products at up to 75% LTV are also being reduced by up to 0.40%.

A five-year fixed rate up to 75% LTV has been reduced to 2.49% with a £1,995 fee and free standard valuation, and TMW has launched a new five-year fix for limited companies at 3.69% up to 80% LTV.

In addition, the cashback of £250 for let-to-buy products is being extended across the entire range.

Selected rates for large portfolio products will increase by up to 0.20%.

Paul Wootton, managing director of TMW, said: “These changes are designed to support a wide range of landlords, helping them to access a greater choice of 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.”

More like this
Latest from Financial Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.