The Mortgage Works Launches Totally New Buy to Let Deals

A subsidiary of the Nationwide Building Society, The Mortgage Works (TMW), specializing in mortgage products available to clients via the firm itself or via professional intermediaries, recently announced the launch of new buy to let mortgage products.
According to the lender, the products are absolutely new to the buy to let market and give borrowers a great choice. Commenting on the mortgage deals, Ms. Tracie Pearce of The Mortgage Works, said that the lender is trying to protect landlords from potential increases in the Central Bank’s base rate by introducing flexible tracker deals that feature “stepped interest” going from the base rate + 4.14% in the first year to the bbuy to let mortgage dealsecond year.
Other buy to let mortgage deals from The Mortgage Works include a 1-year fix offered at 3.99% and a 3% fee, a 3-year fix at 5.99% and a 1.5% fee.