17 Jan

The Mortgage Works improves buy to let mortgage deals

The Mortgage Works improves buy to let mortgage deals

Nationwide's specialist mortgage provider, the Mortgage Works (TMW) has made a range of enhancements to its buy to let mortgages.

Changes include overall rate improvements of up to 0.55 per cent, and products that offer a £799 flat arrangement fee.

Also available are new two and three-year fixed rates with a flat £799 arrangement fee, available up to 75 per cent loan-to-value.

Remortgaging deals currently offering free standard valuations and legal fees have had their rates improved by up to 0.45 per cent.

In addition, let to buy and first-time-landlord deals are available, with two-year fixed rates and a fee of £995.

These products are available up to a 75 per cent loan-to-value rate.

Tracie Pearce, head of product management and pricing at TMW, said: "The improvements we're making to our buy to let range demonstrate our commitment to both customers and intermediaries.

"We regularly review our mortgages to ensure their relevance and competitiveness in the market place."

A recent study by buy to let lender Paragon Mortgages has revealed that 41 per cent of landlords are planning to increase rent in 2011.ADNFCR-1222-ID-800346068-ADNFCR

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