News 2011
Residential Purchase and Remortgage Products withdrawn
To allow even greater focus on our core business area of Buy to Let, and to build further on our success in the Buy to Let market, we will be withdrawing Residential Purchase and Remortgage products on Wednesday 21 December. Residential Switcher, Further Advance and Guarantor products are not affected by this withdrawal.
Take a break with TMW.
No one likes to be stuck in the office over Christmas, so why not beat those holiday blues with a little help from our Christmas Advent Calendar. Simply pick a door to discover what game lies behind; there's Sudoku through to crosswords so we have something for everyone.
Changes to our Residential range
From Wednesday 7 December 2011 we'll be changing our Residential product range. Selected rates will increase by between 0.10% and 0.40%, and some of our products will be withdrawn; including 2 year products with free valuation and £250 cashback and £1,000 cashback.
Changes to our Residential range
We'll be updating our product range with effect from Thursday 24 November 2011. Our stepped tracker product arrangement fee will be amended to £995, and selected 2 year fixed and tracker products up to 80% LTV will increase between 0.05% and 0.15%.
See you at Mortgage Business Expo?
We are delighted to be attending Mortgage Business Expo London on 16th and 17th November at Olympia 2 - there's still time to register so book your free place today. Keep an eye out for our prize draw flyers and visit us on stand F14 for your chance to win an iPad 2!
Changes to our Residential range
With effect from 2 November 2011, we'll be updating our TMW Residential range. Selected 2 year fixed and tracker products up to 75% LTV will be increasing by between 0.05% and 0.20%. You can secure any of the current products available via TMW Online by completing a DIP before 1pm 1 November 2011 with any DIPs progressed to a full mortgage application by 8pm.
Watch the Breakfast Briefing on Buy to Let
Greg Went, Lead Manager of Product Development and Pricing at TMW, provides a detailed insight into how a base rate rise, potential regulation and wholesale funding will affect Buy to Let product development in this video briefing.
TMW Residential changes and withdrawals
From 22 October 2011 our TMW Residential range will be updated and end dates extended across our Residential and Guarantor ranges. Follow the link below to see the key changes and withdrawals.
Calculate affordability anywhere.
Yesterday we launched our new affordability app. available for Android and Blackberry users. The quick and easy Buy to Let Affordability Calculator app gives you the opportunity to work out a client's affordability wherever you are.
15 years of Buy to Let
Ian Andrew, Head of Intermediary Sales at The Mortgage Works, features in Mortgage Introducer this week. Ian gives his thoughts on the continuing trend of Buy to Let after 15 years and also discusses our competition in the market.
TMW voted Best Adviser Only Lender
We were recently awarded with 'Best Adviser Only Lender' by readers of What Mortgage magazine. Readers were invited to vote for financial services providers and over 10,000 responses were received. This award is especially valued because it was voted for by the public - your clients.
Changes to our Buy to Let range and criteria
From 12 August 2011, we will be making some changes to our BTL range including new criteria for Let to Buy applications, extended end dates and additional products available to Foreign Nationals.
New and improved products
From 13 July 2011 our Buy to Let product range will be enhanced with the launch of new 2 year tracker rates starting from 2.99% and reductions of up to 0.40% across the existing range of 2 year fixed and tracker products.
Improvements to TMW Residential products
From 10 June 2011, our Residential and Guarantor ranges will be simplified and our rates improved. Additions to our range include capped trackers; as well as remortgage products with free standard valuations and £250 cashback. Follow the link below for key changes and new product information.
5 year fixed rates starting from 3.99%
Improved TMW Residential products from 27 May 2011 with 5 year fixed rates reduced by up to 0.55% and end dates extended across our Residential and Guarantor ranges. If you would like to secure any of the current products, please ensure that any DIPs are completed via TMW Online by 1pm 26 May 2011.
Residential Lending Criteria Update
From Tuesday, 24 May, we'll be changing our maximum LTV to 80% for non home-improvement loans for Remortgage cases with additional borrowing and Capital raising on a mortgage free property. This includes cases where the loan purpose is a combination of home-improvement and non home-improvement.
Unique new BTL products
From tomorrow, 13 April, we'll be introducing an updated range of Buy to Let purchase products with free valuations and free legals. Follow the link below to see the key changes, new products and more including details of withdrawn products.
The results are in.
This year over 500 brokers took part in our Buy to Let survey providing us with an insight into their 2010 BTL market experiences and expectations for 2011. The results are now available for you to download.
Common Sense Service from TMW
At The Mortgage Works, intermediaries are our priority. We've reduced the average time from application to offer to just 10.2 days, and we're now answering your calls in 31 seconds.
Making our products easier to find. It's common sense.
We're delighted to announce that TMW have launched a brand new product finder on our website, designed following your feedback. We hope you'll find our new product finder intuitive and easy to use, but if you'd like to walk through the features, please download our 1 minute guide.
Selected BTL products withdrawn
From 5 February we'll be updating our Buy to Let product range. The products listed on the page linked below will be withdrawn; please click through for details and to download the updated product guide.
Buy to Let range updated
From 28 January 2011 we'll be extending the end dates on our Buy to Let product range. If you would like to secure any of the current products, please ensure that any DIPs are completed via TMW Online by 1pm 27 January 2011.
New arrivals for TMW Prime - with £0 arrangement fees, Free Valuations & £250 Cashback
From 14 January 2011 we'll be launching new TMW Prime residential products and making some changes to our range. We've expanded our range of £0 fee products with added benefits and launched 18 month fixed rates starting from 2.14%. Follow the link below for more information.
November's service levels
At TMW, service is very important to us, and we've been working even harder to make sure we answer your calls as quickly as possible. In November, we reduced the average time it takes to pick up the phone to under 30 seconds. To see the rest of our service levels follow the link below.
Changes to our Buy to Let range
On Wednesday 14 December 2011, we'll be updating our Buy to Let product range. All end dates will be extended, some products will be withdrawn and selected rates will be increased. Follow the link below for more information.
Buy to Let product changes
With effect from Tuesday 29 November 2011, we'll be making changes to our Buy to Let, Let to Buy and First Time Landlord product ranges with selected rates at 65% & 75% LTV increasing. You can secure any of the current products available via TMW Online by completing a DIP before 12pm Monday 28 November 2011. Any DIPs must be progressed to full mortgage application by 8pm Monday 28 November 2011.
You're the real stars
Thanks to your votes we've just netted our fifth Financial Adviser Five Star Service Award. We know that the work doesn't stop here, and we will continue to improve our service to help make things easier for you and your clients.
October's service levels
At TMW service is very important to us, and because our Average Application to Offer speed was affected by higher volumes than usual in October, we've recruited additional staff to restore the level of service you've come to expect from us. Follow the link below to see the latest figures.
How we value new builds
From 7 November we will change the way we value new build houses and flats for TMW Buy to Let and TMW Residential. New build houses and flats are currently valued on a resale basis; we're changing our policy to value new build houses and flats on an 'as new' basis.
Changes to our Buy to Let products
From tomorrow, 28 October, we'll be making changes to our Buy to Let product range. As a result, we will be withdrawing selected products along with introducing new 3 year fixed products up to 80% LTV and a repricing other selected products.
September's service levels
Our top priority at TMW is service. Which is why we're pleased to report that the percentage of valuations received within 5 days for Buy to Let has increased to 93%. For details of our other service levels follow the link below.
Watch the Buy to Let video debate
Join our Buy to Let debate, in association with Mortgage Solutions. The panel of industry experts including Paul Howard, Head of Corporate Accounts for The Mortgage Works, discuss key issues such as the size of the market, the case against regulation and the case for higher product fees.
Our latest news and service updates
As part of our ongoing commitment to intermediaries we're emailing you about our latest service levels, and we're pleased to report that our average application to offer has been improved by 2 days.
And now for something completely different...
From tomorrow, 16 August, we'll be improving our rates and making some innovative changes to TMW Residential including 20% overpayment allowance on all products, exclusively available to intermediaries.
Great new rates from TMW Residential
From 15 July 2011 our Residential range will be changing with improvements made to selected fixed and tracker rates and new products introduced including including Capped Trackers from 2.69%.
You've made us smile
At TMW we want to provide you with innovative products and a first class service that makes you smile. Which is why we launched our new TMW Residential range and product finder tools. Thanks to you we're delighted to have been awarded five stars in the FT Adviser Online Service Awards.
We've been blogging about BTL
Andrew Baddeley-Chappell, Head of Mortgage Strategy and Policy for Nationwide, has blogged about current competition in the Buy to Let market on FTAdviser.com. For more details and to read the full article simply click on the link below.
New 4.99% 5 year fixed for Buy to Let
Improved BTL, First Time Landlord & Let to Buy products. From 25 May 2011 we'll be updating our Buy to Let product range, including the introduction of a new 5 year fixed rate, available up to 50% LTV. If you would like to secure any of the current products, please ensure that any DIPs are completed via TMW Online by 1pm 24 May 2011.
Residential range updated.
From tomorrow, 16 April, we'll be extending all end dates on our TMW Residential and Guarantor products. If you would like to secure any of the current products, please ensure that any DIPs are completed via TMW Online by 1pm 15 April 2011.
Lending criteria update
From 6 April 2011 we will be making changes to our residential lending criteria, including limiting Interest Only and Part Repayment applications to a maximum LTV of 75%; applications which exceed 75% LTV will only be considered on a Repayment basis. The TMW Buy to Let range is unaffected by this change.
TMW Residential & Buy to Let: End dates extended on all products
From 16 March 2011 we'll be extending end dates on all TMW products. For full details and new product codes, please click the buttons below to download the updated product guides.
TMW Residential & Guarantor: Interest rates increased on all fixed rate products
From 22 February 2011 we'll be increasing interest rates by 0.30% on all residential & guarantor fixed rate products. For full details of the new rates, please follow the link below to download the updated product guide.
Good news. Longer telephone opening hours.
We're pleased to announce that from today, our telephone opening hours will be extended to 6pm. Don't forget you can also contact your BDM or visit our website if you have any questions.
20% overpayments - A capital idea from TMW Residential.
From 3 February 2011 we'll be withdrawing our current residential products and launching a whole new range. Highlights of our new range include the introduction of 20% capital repayment allowances per annum on selected tracker products, alongside new 2 year fixed rates starting at just 2.15%.
TMW Residential. New name, same great product range.
From Monday 24th January, TMW will be changing the name of our prime product range to TMW Residential. You'll still receive the same great range of innovative products and award-winning service, but under the name TMW Residential.
Journalist?
Visit the Press Contacts page for contact details, to arrange interviews and ask for comment.
