The Mortgage Works launches new range of buy-to-let mortgages

The Mortgage Works the specialist lending arm of the Nationwide Building Society responded last week to the MPCs decision to keep interest rates on hold by releasing their new buy-to-let mortgage rates.

Buy-to-let mortages - find my own rate NOW

VARIABLE TRACKER RATE MORTGAGES withdrawn & replaced. NEW VARIABLE TRACKER RATE MORTGAGE for second time buyers & remortgage, with no penalty payable: 3.69% to 30.9.10, max 60%, fee 3.5%, BBR + 3.19% to 30.9.10. NEW VARIABLE TRACKER RATE MORTGAGES for second time buyers & remortgage: 4.29% to 30.9.10, max 70%, fee 3.5%, BBR + 3.79% to 30.9.10; 4.15% to 30.9.11, max 60%, fee 3%, BBR + 3.65% to 30.9.11. NEW FIXED RATE MORTGAGES for second time buyers & remortgages: 3.69% to 30.9.10, max 60%, fee 3.5%; 4.29% to 30.9.10, max 70%, fee 3.5%; 4.69% to 30.9.10, max 60%, fee 2.5%; 5.19% to 30.9.10, max 60%, fee 2%; 4.99% to 30.9.11, max 60%, fee 3.25%; 5.49% to 30.9.11, max 60%, fee 2.25%; 5.99% to 30.9.11, max 60%, fee 1.25%; 5.99% to 30.9.12, max 60%, fee 3%. NEW FIXED RATE MORTGAGES for second time buyers only: 5.49% to 30.9.11, max 70%, fee 3.5%; 5.99% to 30.9.11, max 70%, fee 2.5%. NEW FIXED RATE MORTGAGES for remortgage only: 5.59% to 30.9.11, max 70%, fee 3.5%; 6.08% to 30.9.11, max 70%, fee 2.5%. All of the above have minimum fees of £595 and revert to The Mortgage Works Managed rate of 4.69% for term. W.e.f. 15.7.09.

The Mortgage Works continues to provide the most extensive and competitive range of buy-to-let mortgage products in the vastly diminished buy-to-let mortgage market.

The Mortgage Works, amongst other changes, sees the return of remortgage only products and new fixed rates for purchase or remortgage only and for both purchase and remortgage. Amongst the new fixed rates, is a 5.99% to 30.9.12. This deal is available up to 60% loan-to-value and has a fee of 3% of advance.

BTL BROKER 01424 205 373 ref PropertyHawk for No Fees Special Deal