Let to Buy

Rewarding loyalty with our dedicated Let to Buy range

If your client is remortgaging their current residential property as a Buy to Let with TMW, they can apply for their onward residential mortgage with Nationwide.

Your client could benefit from our dedicated Let to Buy product range that offers £250 cashback, in addition to the free valuation that comes as standard with all TMW Let to Buy products.

This joint proposition is only available through intermediaries. For details on how to submit cases for simultaneous TMW and NFI applications, please read our Let to Buy processing guide.

Important information

*Maximum LTV.

  • All arrangement fees may be added to the loan (with the exception of any upfront, non refundable booking fee).
  • Interest will be charged.

    Buy to Let exposure with Nationwide Group of over £1m (before or after new loan):

  • Fixed rates: new property application based on product pay rate or 5.99%, whichever is higher
  • Tracker/Variable rates: new property application based on product pay rate + 0.5% or 5.99%, whichever is higher

Let to Buy criteria summary

Classified as a first time or experienced landlord applicant who is remortgaging their existing residential property as a Buy to Let.

  • Maximum age 70 at application
  • Maximum 75% LTV
  • Maximum loan size £500,000 (unless otherwise stated)
  • The applicant(s) must have owned their residential property for at least six months (with or without a mortgage) at the time of application
  • Applications will only be accepted where there is a simultaneous onward purchase of a new residential property (which may be with another lender), to be confirmed by the acting solicitor prior to completion
  • The applicant must vacate the security address upon completion (new correspondence address should be provided)
  • If the new residential property is purchased by way of a mortgage – A copy of the onward residential mortgage offer must be provided prior to completion

Applications where the new residential property will be purchased with cash are considered, provided:

  • The current main residence is unencumbered
  • The onward purchase address will be provided at application
  • The same solicitor will be acting on behalf of the applicant for both purchase and remortgage transactions

For more information on our criteria, please visit our Lending Criteria section.

Early repayment charges (ERCs)

ERCs Until

Product Type

2 Year Tracker
2 Year Fixed
5 Year Fixed