View more on these topics

TMW cuts rates on buy-to-let range

The Mortgage Works has cut interest rates on several of its buy-to-let mortgages and has also reduced the rental calculation on its five-year fixed rate products from 125% to the improved calculation of 115%.

Two, three and five-year fixed rates with a 0.5% fee now all come at 4.99%. The five-year fix with a 1% fee now comes at 4.89%.

Tracie Pearce, group marketing manager for The Mortgage Works, says: “Those borrowers who are seeking a longer term fixed rate now benefit from an improved rental calculation on both our five-year deals.”

Recommended

Sturges joins Money Partners

Specialist lender Money Partners has appointed Bob Sturges as director of communications.Sturges joins the senior management team and reports directly to Colin Sanders, CEO.Sturges has oversight of all communications activity at Money Partners including media, corporate and public relations and internal organisation communications. He will also work closely with sales & marketing director, Adam Henry, […]

Portman panel cut slammed

Portman and The Mortgage Works have been criticised for reducing their surveying panel to just five firms. Jonathan Cornell, technical director of Hamptons International Mortgages, says by doing this they are disadvantaging everyone as well as reducing competition. Portman has decided to reduce the panel to Colleys, Wolton, Chancellors, e.surv and Countrywide/SPS. It has also […]

Plum eases FSA administration

As of July 1 the new regulations mean that all Independent Financial Adviser firms and mortgage intermediaries are required to submit reports via the Financial Services Authoritys online web-based browser system.Since Plum Software’s inception 12 years ago, mortgages have formed an integral part of the software and it now has many users who are both […]

Amber becomes ENC lender

Trigold has revealed that Amber Homeloans is the latest lender to feature on its Enhanced Non Conforming platform.Amber products and criteria are now live on the ENC sourcing module on Trigold.ENC is for brokers sourcing sub-prime mortgage products. Amber has built a reputation for innovative products, flexible underwriting and excellent service. It joins other sub-prime […]

The death of retirement – a boost for protection?

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]

Newsletter

News and expert analysis straight to your inbox

Sign up