TMW expands 50% LTV mortgage range

TMW expands 50% LTV mortgage range

From tomorrow, The Mortgage Works, the specialist buy-to-let arm of Nationwide Building Society, will be expanding its 50% LTV tier of mortgage products after the success of a limited period offer.

New five year fixed rate 50% LTV purchase and remortgage products are being introduced, starting at 2.19% with a £1,995 fee and 2.49% with no fee. These come with free standard valuation and free standard legals for remortgage, or free valuation and £250 cashback for purchase or remortgage.

In addition, selected five year fixed rate products are being reduced by up to 0.20% at 65% LTV and up to 0.45% at 75% LTV. Rates for the 65% LTV product now start at 2.59% with a £1995 fee, and the 75% LTV start at 2.69%, also with a £1995 fee.  

Paul Wootton, Managing Director of TMW, said: “After a positive reception to a new range of 50% LTV buy to let deals, we are extending this tier for both purchase and remortgage applications as well as making reductions to the five year fixed rate range.  

“In the light of increased speculation that a base rate rise may be imminent, we are continuing to widen the choice for those seeking longer term payment security and offer competitive rates to landlords working to manage their costs.”

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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