The Mortgage Works (TMW), the specialist buy-to-let lending arm of Nationwide Building Society, has announced rate reductions across its buy-to-let mortgage range. From today, selected products for both new and existing customers will be lowered by up to 0.35%, with rates now starting at an impressive 2.79%.
Key Buy-to-Let Mortgage Highlights from TMW
- Two-Year Fixed Remortgage at 2.99% (65% LTV)
This product includes a 3% fee, free standard valuation, and free legal work, offering strong value for landlords looking to remortgage.
- Five-Year Fixed Remortgage at 3.82% (75% LTV)
Also available with a 3% fee, this option includes free valuation and legals, providing long-term security in an uncertain rate environment.
- Limited Company Five-Year Fixed at 4.67% (75% LTV)
Available for purchase, remortgage, and further advance, this product also carries a 3% fee and is designed for landlords operating through a limited company structure.
- HMO Two-Year Fixed at 5.49% (75% LTV)
Now reduced by 0.35%, this specialist product for Houses in Multiple Occupation comes with a £1,495 fee.
- Switcher Products from 2.99% (65% LTV)
For existing customers, TMW’s switcher range now includes a two-year fixed rate at 2.99% with a 3% fee, or 4.12% with a £1,495 fee.
- Limited Company Two-Year Fixed at 4.14% (75% LTV)
This has been reduced by 0.30% and includes a 3% fee.
A Step Forward for Landlords and Brokers
Joe Avarne, Senior Manager at The Mortgage Works, commented:
“We are pleased to announce further rate cuts to demonstrate our ongoing commitment to brokers and landlords. These latest reductions make us one of the most competitive providers of buy-to-let mortgages in the sector.”
With the Bank of England maintaining the base rate and inflation showing signs of stabilising, TMW’s move to reduce buy-to-let mortgage rates could prompt increased activity in the rental investment sector.
Why These TMW Rate Cuts Matter
For landlords looking to expand or remortgage their portfolios, the new rates from TMW offer attractive terms that can significantly improve yield and affordability. The inclusion of fee options, free valuations, and legal support on several products adds to their appeal, particularly in a market where operational costs remain high.
Speak To a Buy-To-Let Mortgage Advisor
TMW’s latest rate cuts will likely be welcomed by landlords, property investors, and mortgage brokers alike. With rates starting from just 2.79%, these new deals position TMW among the most competitive buy-to-let mortgage lenders in the UK.
For those seeking to secure a favourable deal before further market shifts, early application could be key. Call our team of buy-to-let mortgage specialist advisers at Oportfolio mortgages today to see how we can help.
