The Mortgage Works (TMW), the specialist buy to let arm of Nationwide Building Society, is to offer a wider range of buy-to-let re-mortgages with free standard valuations and free legal fees.
Its new 5 year fixed rate 65 per cent and 75 per cent LTV products will now no longer have such fees.
The lender will also be reducing rates on selected fixed and tracker mortgages.
Bob Riach of Riach Financial Advisers, said the waving of free legal fees would be welcome for many landlords in the North of England.
With some buy-to-lets starting as little as £60,000 in Humberside, the legal fees incurred on a mortgage could make switching to a lower fee mortgage not viable.
"There are not many lenders offering a free legal free valuation on a buy-to-let remortgage, so this is a welcome move," he said.
Rates for TMW's two year 65 per cent loan to value (LTV) tracker now start at 1.59 percent, while its two year 75 per cent LTV tracker starts at 1.94 percent. Its three year fixed rate products now start at 2.09 percent with a £1,995 fee.
