Nationwide-owned lender the Mortgage Works has become the first buy-to-let lender in the current cycle to offer a sub-4% mortgage.
The land-lord focussed lender is bringing in lower rates from 26 March, including a 3.99% five-year fix with a 55% LTV and 3% fee. Mortgages with lower deposits or fees still remain well above the 4% mark.
