Buy-to-let mortgages scoop award
Tuesday, 04 Mar 2008 13:07
A range of fixed-rate mortgages which have proved a hit with landlords have helped The Mortgage Works scoop an industry award.
The firm has been voted best fixed-rate buy-to-let provider at the Business Moneyfacts Awards in recognition of its contribution to the home loan market for landlords.
The plaudit came after The Mortgage Works, part of Nationwide Building Society, launched a ten-year fixed-rate range of mortgages for buy-to-let customers and, more recently, a 15-year deal.
The 15-year mortgage, according to The Mortgage Works, is believed to be the only one of its kind on the market, and has already proved a hit with landlords and brokers.
Andy McQueen, managing director of The Mortgage Works, said: "Good value fixed-rate products, particularly those offering a longer term, can be of great benefit to busy professional landlords, who appreciate not having to continually review their borrowing.
"We are delighted our efforts to deliver excellent products and service for brokers' clients have been recognised with this award."
Its ten-year rates on fixed-rate mortgages are currently available, initially, at 5.99 per cent while its 15-year products also offer the same interest rate to begin with.
The Mortgage Works' products are available to first-time landlords as well as experienced investors.