16 Sep

The Mortgage Works offers new buy-to-let deal

The Mortgage Works offers new buy-to-let deal

Landlords looking to expand their portfolio of buy-to-let properties could take up a new offer from The Mortgage Works.

Yesterday (September 15th 2010), the mortgage provider announced it has made changes to some of its buy-to-let products.

These include rate improvements of up to 0.6 per cent on some fixed-rate products, giving £1,000 in cashback for first-time landlords and providing a zero arrangement fee option.

It has also introduced a new 75 per cent loan-to-value first-time landlord and let to buy product.

Nationwide's director responsible for mortgages Andy McQueen said: "These new changes will further strengthen our product … 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."

Last week, the National Association of Estate Agents suggested there could be more people looking for buy-to-let properties after it said that the future for the market looks good. ADNFCR-1222-ID-800067915-ADNFCR

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