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The Mortgage Works launches buy-to-let lifetime variable product

The Mortgage Works is offering a lifetime variable product as part of a new range to its buy-to-let range.

There is also an early repayment charge free tracker and 80% LTV remortgage products with free standard valuation and free standard legal fees.  

Other key changes include the introduction of a one-year tracker with no ERCs, offering landlords more flexibility with the potential to repay early without facing any charges.

And one year fixed and trackers available at 60% and 70% LTV, with rates starting from 2.99%.

It is also launching a five-year fixed rate mortgage at a rate of 5.79%, with 3.5% arrangement fee.

Tracie Pearce, head of products at TMW, says: “These changes will give professional and first time landlords even greater value, choice and flexibility.   We are delighted to be able to provide intermediaries with an even wider range of options to suit the varying needs of their buy to let clients.”



Son follows lender Angelo Mozilo into mortgage industry

Mark Mozilo, son of Angelo Mozilo, who as boss of Countrywide Financial Services earned around $470m between 2001 and 2006 from sub-prime mortgages, is following in his father’s footsteps well almost in so far he’s in the mortgage business. While dad, regarded by some as the Godfather of sub-prime mortgage lending, is still navigating his […]


Simple truth about lenders’ scorecards

Following on from last week’s column regarding scorecards I will attempt to debunk the differences between a lender’s lending policy and scorecards. Lending policies outline what type of lending it will accept and takes into consideration things like LTVs, income types, geographical rules, property type, and age of borrower among other things. If two lenders […]


Mutuals fight to get into best buy tables

Over the last few weeks a host of building societies have launched best buy mortgages as they look to get more business. During the last couple of years Yorkshire Building Society has offered the lowest rates and consistently undercut the biggest banks including HSBC. But now it is getting some competition. Market Harborough Building Society […]

First Direct lands crown in poll for client satisfaction

First Direct has been rated the best lender for mortgage customers in a poll by Which? Money. The direct-only brand, part of HSBC, was far ahead of other banks, with an 87% approval rating for its mortgage servicing, com-pared with the average 60%. Which? members filled out a cus-tomer satisfaction survey with financial providers on […]

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?


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  • Bobby 1st September 2010 at 9:42 am

    Nice rates shame about the fees. There is justification of charging a 3.5% fee and makes it impossible for a broker to recommend them. What is the rationale for a 3.5% fee on their products ?. Due to no competition in the marketplace its a case of ” because we can “.