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TMW expands the 100% LTV range

The Mortgage Works is launching three mortgages in the 100% mortgage portfolio.

The new deals have an LTV of 99%, with an arrangement fee of 1% which can be added to the loan, taking the loan to 100% LTV.

With rates starting from 5.99%, the products are designed for customers who have a small deposit and wish to take advantage of lower interest rates.

The new products are available from Thursday 14 June 14 2007 include a five-year fixed rate from 5.99%, a three-year fixed from 6.05% and a two-year fixed from 6.05%.

Andy McQueen, director of marketing at The Mortgage Works, says: “The new loans are ideal for first-time buyers or those coming back into the market who may have a small deposit but not enough for the traditional 95% LTV loans.“


Nemo rewards loyal clients

Nemo Personal Finance is launching a loyalty scheme called Quarterback. Clients who take out secured loans over a period of 10 years or more will get 25% of the interest back.

Praxis staff go green

Staff at Praxis have made pledges to help the environment such as printing out fewer emails and using stairs instead of lifts. The packager hopes to achieve the ISO14001 environmental standard.

Accord launches remortgage range

Accord has launched a range of remortgage products in association with eConveyancer.The service offers a choice of solicitors in across the UK. Customers can choose between paying a product fee and a fee-free option and rates start at 5.89%. There is also the choice of three year and five year fixed rate products – the […]

Good news for equity release clients

Some welcome news this week from Prudential, which has announced that it is dropping the interest rate on its standard lifetime mortgage product with immediate effect.

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The politics of healthcare

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