Nationwide's buy-to-let lending arm opens up first-time landlord range

The Mortgage Works, part of the Nationwide Building Society, has made a positive change to their buy-to-let mortgage range by allowing first-time landlords access to all of their buy-to-let rates, rather than a more expensive specific range. First-time landlords will be able to access their mortgage rates, although not first-time buyers. Mortgage lenders expect borrowers to already own a residential property to show that they have a track recording of paying a mortgage and also to reduce the chance of borrowers living in the investment property. The Mortgage Works is also introducing a wider choice of £995 arrangement fees and a new 4.29% five-year fixed at 65% LTV. It also has a £995 arrangement fee. If you would like help securing a buy-to-let mortgage, call us on 020 7016 0790. May 17, 2013