The Mortgage Works cuts buy-to-let rates by up to 0.20%

The Mortgage Works, the buy-to-let arm of Nationwide, has reduced rates by up to 0.20% on selected buy-to-let and let-to-buy products across its new business mortgage range.

For remortgage, a two-year fixed rate buy-to-let mortgage at 65% LTV has reduced to 3.74% with a 3% fee.

Five-year fixed rate remortgage reductions include a 55% LTV product, down by 15bps to 4.37% with a 3% fee, and a 75% LTV product, down by 20bps to 4.99% with a £1,495 fee.

All products come with a free valuation and free legals.

Keir Fraser, Lead Manager at The Mortgage Works, said: “We’re delighted to be able to make these rate cuts as we continue to put The Mortgage Works at the forefront of the buy-to-let market with competitive rates.”