TMW pulls out of self-cert
Share
The Mortgage Works, the specialist lending arm of Nationwide, is withdrawing its three self-cert products over the weekend, effectively pulling out of the self-cert market altogether.
TMW’s self-cert range includes a two-year fixed rate deal at 6.74% with a 2.5% arrangement fee, a two-year fixed rate deal at 7.24% with a 1.5% arrangement fee, and a two-year fixed rate further advance at 6.99%.
These products will be withdrawn from the TMW systems at 8pm tonight, and there is no booking system in place for these products.
TMW was one of the few players still offering self-cert mortgages, in addition to Platform and Beacon.
An email notifying brokers that the products would be withdrawn was sent to brokers earlier today.
