New Buy To Let mortgage products from major lender

The Mortgage Works, the specialist buy to let mortgage wing of the Nationwide Building Society, has revised its product range for investors. 

It’s launched a new 55 per cent Loan To Value BTL range for new and existing customers, covering property purchases and remortgages.

The products include five-year BTL fixes – one at 4.09 per cent with a 3.0 per cent fee; another at 4.44 per cent with a £1,495 fee; and one at 4.74 per cent with no fee.

The lender has also withdrawn its one-year fixed rate product for existing customers.

Dan Clinton, head of specialist lending at The Mortgage Works, says: “As one of the UK’s largest BTL lenders, we always look to offer a wide range of mortgages to suit landlords' differing needs. 

“In recent times, we have seen an increasing demand in the market for low loan-to-value products, which is why we’re pleased to be able to support landlords who have significant deposits with competitive products.”

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