Mortgages

TMW launches sub-2% five-year fixed rate BTL product

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13th February 2018
Natiownide
"This is particularly important in an environment where managing cashflow and costs has become increasing significant for both portfolio and smaller scale landlords."

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.

Available from tomorrow, 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.”

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