Buy-to-let borrowers receive boost from Nationwide

Buy-to-let borrowers receive boost from Nationwide

The Mortgage Works (TMW), the specialist buy-to-let arm of Nationwide Building Society, has offered a lifeline to landlords following a review of its rates and buy-to-let borrowers’ needs.   

Tracker rates have been reduced by up to 0.45%, now starting at 1.49% for a 65% loan-to-value (LTV) buy-to-let mortgage with a £1,995 product fee. In addition, all tracker rates have the switch-to-fix facility, meaning that borrowers can choose to move to a fixed rate deal at any time without incurring early repayment charges. This safety net will appeal to landlords concerned about rates suddenly moving in the wrong direction. 

Long-term landlords will benefit from 10-year fixed rate

The buy-to-let market is currently undergoing a significant change towards becoming a long-term business enterprise rather than a speculative one. With a free standard valuation, no arrangement fee and £250 cashback, landlords that are committed to the buy-to-let sector for the long-term will probably welcome TMW’s new 10-year fixed rate mortgage, at 3.49% for borrowers with a 75% LTV.

Paul Wootton, managing director of TMW, said: “The reductions to tracker rates and the new 10-year fixed rate product, which offers a significantly lower rate than previously, are aimed at widening choice for landlords who are looking to manage their cash flow and access competitive buy-to-let mortgage rates.”

Catering for landlords with 10 or more properties

 TMW has also launched a buy-to-let arm to service landlords with 10 or more mortgaged properties. Recognising the specialist needs of landlords with large property portfolios and those using limited companies to manage them, they have a selection of products available for purchase, remortgages and further advances at 75% and 80% LTV.    

The new remortgage products start at a rate of 2.34% for a 2-year fixed rate at 65% LTV with a £995 arrangement fee, free standard valuation and free legal. For purchases or remortgages up to 75% LTV, rates start at 2.59% with a £995 fee, free standard valuation and £250 cashback. For the 5-year fixed-rate products, remortgage rates start at 2.79% for up to 65% LTV with a £995 fee, with free standard valuation and free legal.  

“As part of our commitment to landlords and brokers, we recognise both the specialist needs of those landlords with larger portfolios and those using limited companies and the extra work involved as a result for brokers supporting them,” added Paul Wootton. 

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT