The Mortgage Works (TMW) has confirmed that it will be temporarily withdrawing its range of fixed rate buy-to-let mortgages from 3pm today (Wednesday 28th September).
The specialist buy-to-let arm of Nationwide said it was making the move due to the current economic environment and unprecedented levels of demand.
Tracker mortgages will remain on sale and TMW intends to reintroduce its range of fixed rate buy-to-let mortgages later this week.
Daniel Clinton, head of The Mortgage Works, said: “Whilst it’s not our preference, given the current economic environment and significant levels of demand we are seeing, we are temporarily withdrawing our range of fixed rate buy-to-let products and we’ll look to re-introduce at them at the earliest opportunity.
“We haven’t taken this decision lightly and thank brokers and landlords for their patience.”
