New two year Stepped Tracker range launched

Available from Thursday 4th February 2010

What are the benefits?

• In year 2 the tracker loading steps down
• 2 year options available from 4.64%
• Up to 70% LTV on selected products

Want to know more?

Download the latest product guide for full details

How does The Mortgage Works Stepped Tracker work?

The Mortgage Works Stepped Tracker is available as a range of 2 year options. In year 2 the tracker loading to the Bank of England Base Rate decreases. Here is an example of one of our new products:

B07271 - 2 year Stepped Tracker, up to 60% LTV, 3.50% (min £595) arrangement fee.

Year 1 = BBR + 4.14% until 31.03.2011

Year 2 = BBR + 2.14% until 31.03.2012

If your client believes that the Bank of England Base Rate may increase in 2011/2012, then a TMW stepped tracker could be of benefit to them, depending on their personal circumstances.

Selected Let to Buy products now up to 70% LTV

• New 1 year, 18 month and 2 year options available
• Tracker rates from 3.94% (BBR + 3.44%)

Other product launch news ...

• New 1 year fixed rate of 3.99%
• 3 year fixed now available at 5.99%
• Withdrawal of B02480, 5.69%, 2 year fixed, Let to Buy

How do I secure current products?

If you would like to secure any of the current products, please ensure that any DIPs are completed via TMW Online by 4pm Wednesday 3rd February 2010.

Any DIPs must be progressed to full mortgage application by 8pm Wednesday 3rd February 2010. Please note that faxed DIPs will not be accepted. Please use TMW Online for all DIPs.

Paper applications, where applicable, must be postmarked up to 3rd February 2010.  There is no booking system in place for these products.

Want to know more?

For literature requests, products and lending criteria information call:

0845 601 0763 - option 1

For a decision in principle and case updates call:
0845 45 45 400

Lines are open Monday to Friday 9am - 5pm