The Mortgage Works (TMW), has reduced rates on products within its limited company range.

The specialist buy-to-let arm of Nationwide Building Society, has cut the rates by up to 0.25% on 2- and 5-year offerings.

Notable reductions include the 75% LTV 2-year fix, which has been cut by 0.2% to 3.19%, and the 75% 5-year fix, reduced by 0.25% to 3.64%. Both offerings include a £1,995 fee.

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In addition, the 75% LTV 2-year fix has been dropped by 0.25% to 3.34%, and the 75% LTV 5-year fix has been reduced by 0.25% to 3.74%. The two products both include a £995 fee.

All of the products, which have seen a reduction include a free valuation and the reduced rates will be effective from 12 November.

Henry Jordan, director of mortgages, at Nationwide, said: “TMW offers landlords a broad range of options to meet their varying needs.

“We are making reductions to our 2- and 5-year limited company products to improve the competitiveness of the range.

“These reductions show our continuing support for landlords looking to manage their finances through fixed rates.”