16
Sep
The Mortgage Works offers new buy-to-let deal
Landlords looking to expand their portfolio of buy-to-let
properties could take up a new offer from The Mortgage Works.
Yesterday (September 15th 2010), the mortgage provider announced it
has made changes to some of its buy-to-let products.
These include rate improvements of up to 0.6 per cent on some
fixed-rate products, giving £1,000 in cashback for first-time
landlords and providing a zero arrangement fee option.
It has also introduced a new 75 per cent loan-to-value first-time
landlord and let to buy product.
Nationwide's director responsible for mortgages Andy McQueen said:
"These new changes will further strengthen our product … We
believe we're offering the increased clarity, variety and
flexibility needed to ensure that intermediaries can satisfy the
ever changing needs of their clients."
Last week, the National Association of Estate Agents suggested
there could be more people looking for buy-to-let properties after
it said that the future for the market looks good. 