TMW lowers rates and launches new deals
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The Mortgage Works has launched a new 75% LTV buy-to-let dea, aimed at first-time landlords and reduced a number of its rates.
It has also launched a range of let-to-buy products and reduced rates by up to 0.60% on selected fixed rate products.
It is offering a zero arrangement fee options across two, three and five-year mortgages and a new flat arrangement fee products are also available.
TMW has also introduced a 4.99% managed rate lifetime variable product now available at 75% LTV, as well as a new two-year stepped tracker product with an initial rate of 2.99% (BBR + 2.49).
It has also reduced rates by up to 0.20% on selected two-year fixed rate products across the first- time landlord, Light Refurbishment, let-to- buy and core product ranges.
The key enhancements to the residential prime mortgage range are:
- Rate reductions of up to 0.60% on selected house purchase products with free valuation or cashback.
- Capped tracker rates reduced by up to 0.30%.
- New Step Down trackers available with 1% arrangement fees.
Andy McQueen, Nationwide’s director responsible for mortgages, says: “Added to the enhancements we made on September 1, these new changes will further strengthen our product offering in the Buy to Let, Residential Prime and Guarantor markets. By making these changes, we believe we’re offering the increased clarity, variety and flexibility needed to ensure that intermediaries can satisfy the ever changing needs of their clients.”
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