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Limited company mortgages launched by prominent BTL lender

The Mortgage Works, the specialist buy to let arm of Nationwide Building Society, today launches new limited company mortgages targeting the growing number of incorporated BTL landlords.

The new products come with legal fees and a valuation included.

The new rates at 75 per cent Loan to Value, which are also available for remortgages, are a two-year fixed rate at 3.34 per cent with a £1,995 fee; a two-year fixed rate at 3.49 per cent with a £995 fee; a five-year fixed rate at 3.69 per cent with a £1,995 fee; and a five-year fixed rate at 3.84 per cent with a £995 fee.

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Daniel Clinton, head of The Mortgage Works, says: “Over the last few years, we have seen more and more landlords build their portfolios through limited companies following changes to the tax regime. 

“As a leading buy to let mortgage provider, we always look to offer a range of competitive mortgages to suit whatever the landlord’s circumstances. These latest products reinforce our support for the limited company market, helping reduce upfront costs for landlords.”

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