Nationwide Buy to Let Mortgages

Nationwide is the world’s biggest building society and has origins that go back to 1846. Nationwide offer buy to let mortgages through The Mortgage Works Direct, who specialise in providing buy to let mortgage deals. Through The Mortgage Works Direct, Nationwide has numerous different buy to let mortgage products available, each with different specifications. There are a number of general lending criteria for buy to let mortgages from nationwide that goes as follows:

• Mortgage term must be between 5 and 35 years
• No more than two applicants per application; guarantors are not accepted
• Minimum loan of £25,001; minimum property value of £50,000
• Maximum overall loan per customer 80% loan to value (LTV) £1,500,000; 65% LTV £5,000,000
• Required rental income 150% of interest payments for houses in multiple occupation and 125% for all others

For latest Nationwide BTL mortgage deals use our advice and quote service - see link above.

Alternatively for a selection of market leading deals see below:

Nationwide, alongside their partners at the Mortgage Works have compiled a list of important considerations for anyone who is thinking about taking out a buy to let mortgage with them. You should make sure you have spent time mulling over the following:

• Is the location of your property supported by local amenities and transport?
• Is the mortgage feasible with regards to monthly incomings and outgoings?
• Are you fully aware of your obligations with regards to your tenant’s deposits?
• Have you taken the necessary steps to mitigate any future disputes?

Aside from Nationwide, there are many other different lenders who also offer buy to let mortgage deals. It may therefore be worth taking a look at several different buy to let mortgage providers and make a comparison.