Mortgage construction will be reduced by up to 30 basis points across selected purchase purchases for new customers, at a rate starting at 3.24% on Saturday (March 15th).
Nationwide's BTL ARM highlights of the new business reduction rate:
BTL – 3.24% 2-year revision, purchase, remover, 3% fee, lending up to 65% loans to value, 15bps reduced
BTL – 2-year revision, remalt only, 3.54%, 3% fee, up to 65% LTV, 20bps reduction
BTL – 2-year fix, Remortgage only, 4.84%, no charge, up to 65% LTV, 30bps reduced
“We've been working hard to get the most out of our business,” said Joe Avarne, senior manager at Mortgage Works.
