The Mortgage Works launches new buy-to-let rates from 3.54%

The Mortgage Works (TMW), the buy-to-let arm of Nationwide Building Society, has reduced rates on products for new customers by up to 0.15%, with rates now starting from 3.54%.

Two-year fixed rates start from 3.54% at 65% LTV with a 3% fee and 3.94% up to 75% LTV with a £3,995 fee.

A five-year fix has also reduced by 10bps to 3.84% at 55% LTV with a 3% fee.

All products are available for both purchase and remortgage.

Joe Avarne, senior manager for buy-to-let mortgages at The Mortgage Works, said: “As one of the largest buy-to-let providers in the market TMW remain committed to supporting landlords by maintaining our competitive position.

"These latest cuts will see TMW rates starting from 3.54% and will be some of the lowest rates in the market.”