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The specialist buy-to-let arm of the Nationwide Building Society, The Mortgage Works, from October 19 is reducing rates for selected Limited Company and 80% loan to value (LTV) mortgages by up to 0.10%, as well as introducing a new cashback of £1,000.

The new two-year fixed rate mortgage up to 80% LTV mortgage with no fee comes with a free standard valuation and a £1,000 cashback, with a rate of 4.69 per cent for purchase or remortgage. 

The let-to-buy five-year-fixed rate product at up to 75% LTV has a rate of 3.99 per cent, with a £1,000 cashback and free standard valuation and is for remortgage only.

Furthermore, a new range of Limited Company options are being introduced, including those with a five-year-fixed rate HMO product and a £995 fee.

There were also introduced new 5 year fixed Further Advance products for existing customers, with rates starting at 2.79% with a 1% fee and new 65% LTV HMO products with a £995 fee.

Managing Director of The Mortgage Works, Paul Wootton, said: “These changes are aimed at supporting landlords with varied needs and requirements, helping them to access a choice of products with 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.” 

the HMO Mortgage Broker

the HMO Mortgage Broker

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