In a significant move for the UK property market, Nationwide Building Society has announced a series of mortgage rate cuts specifically aimed at its existing landlord customers. The changes, enacted by its specialist lending arm The Mortgage Works, come into effect immediately.
What Rates Are Being Reduced?
The financial institution confirmed it is reducing selected switcher rates by up to 0.20 percentage points. These reductions apply to a range of products for existing customers, including standard buy-to-let mortgages, limited company buy-to-let deals, and Houses in Multiple Occupation (HMO) products.
The new, lower rates became active on Thursday 4 December 2025. Among the key changes is a two-year fixed rate buy-to-let product, now available at 2.89% with a 3% fee, for loans up to 75% loan-to-value (LTV). This represents a cut of 0.15%.
Other notable reductions include:
- A five-year fixed rate buy-to-let product, now at 3.69% (with a 3% fee, up to 75% LTV), reduced by 0.07%.
- A two-year fixed rate limited company buy-to-let product, now at 3.79% (with a 3% fee, up to 75% LTV), also cut by 0.15%.
Commitment to Existing Landlord Customers
Joe Avarne, Senior Manager at The Mortgage Works, explained the rationale behind the decision. "As one of the UK’s leading buy-to-let lenders, The Mortgage Works offers landlords a broad range of options to meet their varying needs," he stated.
"These latest rate reductions demonstrate our continued commitment and support to our existing landlord customers who are coming to the end of their current deal," Avarne added, highlighting the offer is targeted at those seeking to remortgage.
Nationwide's Growing Market Presence
This announcement reinforces the building society's substantial footprint in UK financial services. Following its acquisition of Virgin Money UK PLC, Nationwide is now connected with one in three people in the UK. It stands as the world's largest building society with over 16 million members and is the nation's second largest provider of mortgages and retail deposits.
The Swindon-based mutual also reported a surge in customer activity recently. Over the recent weekend, Nationwide customers made over 31.2 million transactions, a 5.8% increase compared to the same period in 2024. Notably, Black Friday on 28 November 2025 saw a record 11.9 million transactions, an 8.7% jump from the previous year.
This strategic rate reduction for landlords indicates Nationwide's focus on retaining its existing customer base in a competitive mortgage market, offering tangible savings for property investors reviewing their finance options.
