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TMW brings in new products and makes rate changes

The Mortgage Works has cut rates by up to 0.60 per cent and brought in a new range of fixed rate products.

Rate changes include the 65 per cent five-year fix being reduced from 3.09 per cent to 2.49 per cent, and the 65 per cent two-year fix being cut from 2.44 pe cent to 2.39 per cent. Both are available for purchase and remortgage and both command zero fees.

The new products are set at 50 per cent LTV, with the five-year fix with £1,995 fee for purchase and remortgage starting at 1.94 per cent.

Further modifications to TMW’s proposition involve free valuations to all HMO products and some tracker rates being increased by up to 0.10 per cent.

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