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TMW scraps fees and launches new products

The Mortgage Works is set to launch two new fixed-rate buy-to-let remortgage products.

TMW, the specialist buy-to-let arm of Nationwide Building Society, will launch a two-year and a five-year deal on Wednesday.

The 50 per cent loan-to-value deals are only available until 4 October 2017.

The rate on the two-year deal is 1.39 per cent and for the five-year product 2.14 per cent. Both have a £1,995 arrangement fee but offer fee standard valuation and legals.

The new launches come as TMW scraps the application fee from all of its buy-to-let products. The move will save borrowers £150 on their application.

TMW managing director Paul Wootton says: “We are looking to extend choice while removing upfront costs, allowing us to offer a wider range of products and continue to support landlords.”



Mansfield announces portfolio buy-to-let approach

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EMoov eyes stock market listing

Online estate agent eMoov is eyeing a stock market flotation this year, according to reports. The firm is interested in either floating or moving its operations into an already listed entity, according to Sky News. The firm has approached several investment banks over the issue. EMoov has been approached for comment. The news follows last […]

Competition drives buy-to-let deals to decade high

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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