The Mortgage Works, the specialist BTL arm of Nationwide Building Society, has just launched new limited company mortgages targeting the growing number of incorporated BTL landlords.
The new products come with legal fees and a valuation included. The new rates at 75% LTV, which are also available for remortgages, are a two-year fixed rate at 3.34% with a £1,995 fee; a two-year fixed rate at 3.49% with a £995 fee; a five-year fixed rate at 3.69% with a £1,995 fee; and a five-year fixed rate at 3.84% with a £995 fee.
Daniel Clinton, head of The Mortgage Works, says: “Over the last few years, we have seen more and more landlords build their portfolios through limited companies following changes to the tax regime.
“We always look to offer a range of competitive mortgages to suit whatever the landlord’s circumstances. These latest products reinforce our support for the limited company market, helping reduce upfront costs for landlords.”