Published 4 July 2019 · Older article — see current rates
5 Year Fixed Buy to Let
The Mortgage Works, is the buy to let a specialist division of the Nationwide Group and is well likely by landlords and mortgage brokers due to its straight-forward approach to underwriting. The concentrate predominantly on buy to let coverage rather than on background earned income or occupation of the applicant.
Criteria Highlights of The Mortgage Works:
- Remortgages for non-residential mortgage holders
- Let to Buys
- No minimum earned income
- No minimum trading period for the self employed
- Retired applicants
- Terms of up to 35 years
- Currently there are Product transfers options at the end of the initial benefit period (subject to status at the time).
How does The Mortgage Works rental assessment compare to other lenders?
This is an area in which they sit in the pack. There are more generous buy to let lenders for rental calculations.
For example, for high rate tax payers:
Niche Advice arranges competitive buy to lets including mortgages on 5 year fixed Buy to Let Mortgage