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The lender has also withdrawn its one-year fixed rate product for existing customers.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