The Mortgage Works (TMW) is offering a £250 cashback and free standard valuations for selected new mortgage products for landlords.
The specialist buy-to-let arm of the Nationwide Building Society is adding deals with the cashback and free standard valuations to its range of options, which now include products with a 2.00% fee, a zero fee option as well as deals with flat fees of £1995 and £995.
The new products are as follows:
- 2 Year Fixed 65% LTV, with £995 fee, free valuation and £250 cashback at 2.34%
- 2 Year Fixed 75% LTV, with £995 fee, free valuation and £250 cashback at 2.59%
- 5 Year Fixed 65% LTV, with £995 fee, free valuation and £250 cashback at 2.99%
- 5 Year Fixed 75% LTV, with £995 fee, free valuation and £250 cashback at 3.44%
- 2 Year Tracker 65% LTV, with £995 fee, free valuation and £250 cashback at 2.29%
- 2 Year Tracker 75% LTV, with £995 fee, free valuation and £250 cashback at 2.54%
Paul Wootton, managing director of TMW, said: “After listening to feedback from brokers, we have launched new products with both a cashback of £250 and fee-free valuations to the TMW range, in addition to offering a competitive range of rates with varying fees. This will help to support landlords looking to minimise upfront costs.
“The new products will also now provide access to the free standard valuation option for house purchase customers that was previously only available on remortgage. In addition, cashback is a useful substitute for free standard legals option for those remortgage customers who prefer to use their own solicitor.”