View more on these topics

The Mortgage Works changes its prime range

The Mortgage Works has made a number of additions to its Prime Residential Mortgage range. 

Its selected fixed and tracker products are being improved by up to 0.15%, with tracker rates starting from just 1.99%, 1.49% above base.

The new additions to the range include an extended range of remortgage products with a £595 arrangement fee options with free standard valuation and free standard legal fees.

An extended range of Stepped Tracker products including a new 85% LTV option.

And a two-year fixed rate for house purchase with no arrangement fee, £250 cash-back, free standard valuation and available up to 85% LTV.

There is also a two-year fixed rate product at 3.99%, with £1,000 cash-back – available up to 75% LTV.

And new five-year fixed rate products with rates starting from 4.24%.

A three-year fix for purchases at 85% LTV and 5.99% has been withdrawn along with a two-year remortgage deal at 75% LTV and 3.19%.

Tracie Pearce, head of product management and pricing at The Mortgage Works, says: “The changes we have made to our TMW Prime range is great news for intermediaries and borrowers alike. 

“When we launched this range, which is exclusive to intermediaries, we wanted to enable them to offer their customers a wider range of mortgages that suit their specific borrowing needs. 

“The improvements we have now made reaffirm our commitment to the intermediary channel, which remains a vital part of our mortgage business.”

Recommended

Leader: FSA gets it right for once

The Financial Services Authority’s speech at the Mortgage Business Expo last week has been greeted by the industry as that rare thing – a spot of good news from the regulator. The FSA’s speech in 2009 made a lot of people hot under the collar and it became an opportunity to let off some much-needed […]

Newsletter

News and expert analysis straight to your inbox

Sign up