View more on these topics

PTFS unveils deals with Woolwich

Personal Touch Financial Services has combined forces with Woolwich to launch two fixed rate buy-to-let and Switch & Save products.

Both products have a fixed rate of 4.99%, carry an arrangement fee of £995 and have a maximum LTV of 80%. For the remortgage Switch & Save products there is a free valuation and legal fees are paid when an inhouse solicitor is used.

Dev Malle, director of mortgage distribution at PTFS, says: “For the buy-to-let product in particular, this is a cracking fixed rate and I am delighted that our members have access to it.”

David Findlay, intermediary business director at Woolwich, says: “Having had a great 2006 with PTFS we are looking forward to an even better 2007. Providing exclusive products is one of the ways we can add value to a valuable partner and an important player in mortgage distribution.”

Tom O’Neil, CEO at Fuel Investments, says: “Despite the maximum 80% LTV this is an excellent fixed rate and the fee is addable.

“This type of product will provide confidence to buy-to-let clients and is well timed.”

Recommended

Pink launches survey

Pink Home Loans’ Pink 1000 Index Survey launched on November 21. Intermediaries taking part will have the opportunity of winning a Xoro HSD 7500 portable DVD player. It is a portable multimedia machine, a DVD player and freeview TV in one.

TMB joins L&G mortgage club

Legal & General has appointed The Mortgage Business to its mortgage club. TMB’s product areas include a wide range of self-certification and full-status mortgages. It also offers self-build schemes and a range of buy-to-let options including House 2 House, where income and not rental assessments increase the speed of the mortgage application. John Cupis, mortgages […]

Lenders’ IT can help brokers comply

There has been a lot of talk recently about the Financial Services Authority starting to flex its muscles. After two years of relative leniency, giving time for regulation to bed in, everyone is now expected to have changed to get in line with the rules. The time for discussion, reviews, explanation and excuses is coming to an end.

Price is main insurance factor

Select & Protect has revealed that despite the ongoing criticism of industrywide mis-selling, price is still the most important factor when recommending general insurance providers. The survey of over 500 brokers revealed that 72% felt price was the main deciding factor when recommending a mortgage protection provider. And 45% say they would recommend a provider […]

Newsletter

News and expert analysis straight to your inbox

Sign up