The Mortgage Works - Latest News

Our popular BTL 2 year fixed rate is back

The Mortgage Works — Wed, 29 May 2013 12:00:00 GMT

Tomorrow, we'll re-introduce our popular 2 year fixed rate (3.19% 2 year fixed rate up to 75% LTV, with a 3.50% arrangement fee), available for both first time and experienced landlords. We also have a reminder of our criteria changes effective from 17 May.

Product and criteria changes

The Mortgage Works — Thu, 16 May 2013 12:00:00 GMT

From Friday 17 May, we'll be making some important changes to our Buy to Let products and criteria. First Time Landlords will now be able to choose from our standard BTL product range up to 75% LTV, with rates starting from 2.74%, we're also introducing new 2, 3 and 5 year fixed rates with £995 fee and making changes to criteria on affordability and other areas.

End dates extended across all product ranges

The Mortgage Works — Mon, 25 Mar 2013 12:00:00 GMT

With effect from Tuesday 26 March, we'll be extending end dates across all of our ranges, including Buy to Let and Guarantor. You can secure any of the current products available via TMW Online or TMW MTE by completing a DIP before 1pm 25 March 2013. Any DIPs must be progressed to full mortgage application by 8pm 25 March 2013.

Product withdrawals

The Mortgage Works — Mon, 25 Feb 2013 12:00:00 GMT

With effect from Tuesday 26 February 2013, we'll be withdrawing the following products from our Buy to Let range: B22624 3.19% 2 year fixed up to 75% LTV, B03761 3.99% 3 year fixed up to 65% LTV, B19473 4.29% 5 year fixed up to 65% LTV and B07894 2.99% 2 year tracker up to 75% LTV.

Buy to Let rates reduced by up to 0.80%

The Mortgage Works — Thu, 17 Jan 2013 12:00:00 GMT

We're pleased to announce some exciting changes to our Buy to Let product range. With effect from Friday 18 January 2013 we'll be reducing rates by up to 0.80%, as well as introducing a new range of £995 fee products across 2, 3 and 5 year product terms and extending end dates across all products.

We're making it easier to do business with TMW

The Mortgage Works — Fri, 07 Dec 2012 12:00:00 GMT

At TMW we're committed to lending responsibly. But recently you've told us that we've fallen short on one of our key promises - a common sense approach to underwriting. We've listened to your feedback and we want to put things right; giving you greater clarity around existing criteria and also letting you know about some changes we're making from Monday 10 December.

Why Buy to Let is here to stay

The Mortgage Works — Tue, 27 Nov 2012 12:00:00 GMT

In the latest economic tracker, Ian Andrew, Nationwide's Managing Director for Group Intermediary Sales, looks at why growth in Buy to Let shows no signs of abating. Ian says "There can be no argument that today the Buy to Let market is essential to both the short and long term housing needs of a growing number of the population."

Buy to Let and Guarantor end dates extended

The Mortgage Works — Mon, 26 Nov 2012 12:00:00 GMT

With effect from Tuesday 27 November, we'll be extending end dates on our Buy to let and Guarantor product ranges. You can secure any of the current products available via TMW Online or TMW MTE by completing a DIP before 1pm today. Any DIPs must be progressed to full mortgage application by 8pm on 26 November 2012.

BTL success spoils landlords for choice

The Mortgage Works — Mon, 29 Oct 2012 12:00:00 GMT

In the latest economic tracker, Ian Andrew, Nationwide's Managing Director for Group Intermediary Sales, evaluates the different options available to landlords in today's mortgage market. Ian says "If landlords are successful in building their portfolio, they will have the choice of maximising monthly returns or reducing their debt through overpayments."

New BTL 2 year fixed rates from 2.99%

The Mortgage Works — Fri, 05 Oct 2012 12:00:00 GMT

We're pleased to announce some exciting improvements to our BTL product range, including new competitively priced products at 60% and 75% LTV, launching on Monday 8 October 2012. Keep reading for full details, to see the new range and to download your copy of the BTL product guide.

TMW Residential Further Advance product withdrawal

The Mortgage Works — Thu, 04 Oct 2012 12:00:00 GMT

With effect from Thursday 11 October 2012, we'll be withdrawing product A02290, Residential Further Advance, 2 year fixed, 3.79%. There is no booking system in place for this product. If you would like to secure this product please submit paper applications postmarked up to Wednesday 10 October 2012.

End dates extended & changes to our Guarantor range

The Mortgage Works — Thu, 20 Sep 2012 12:00:00 GMT

With effect from Friday 21 September, we'll be making the following changes to our product ranges: End dates extended on all BTL and Guarantor products, Guarantor tracker rates increased by 0.15% and Ltd Liability Guarantor 2 year tracker at 3.74% (Product code GL7067) will be withdrawn.

Policy changes to TMW Buy to Let

The Mortgage Works — Fri, 31 Aug 2012 12:00:00 GMT

With effect from Tuesday 4 September 2012, we'll be making changes to our Buy to Let lending criteria regarding Regulated Buy to Let, Vendor Family Sales, Let to Buy and First Time Landlords. Please follow the link below for full details of the changes.

Scottish new build valuations changes

The Mortgage Works — Thu, 30 Aug 2012 12:00:00 GMT

With effect from 3 September 2012 we will no longer accept valuation reports that have been instructed independently of TMW and transcribed onto a TMW mortgage valuation report. Instead, we will ask for a valuation fee to be paid with your client's application, which we will use to instruct a valuation for mortgage purposes only, using a firm on our panel.

At TMW we're answering your calls in less than 1 minute

The Mortgage Works — Fri, 10 Aug 2012 12:00:00 GMT

At TMW we're committed to keeping you updated on our service, and we're pleased to report that on average in July, our Sales Support team continued to answer your calls in under 1 minute.For more information on our service levels, or to leave any feedback you may have, follow the link below.

Tenancy deposit protection

The Mortgage Works — Wed, 08 Aug 2012 12:00:00 GMT

Buy to Let is becoming even more popular as an investment choice. With more of your clients becoming first time landlords, it's important they are up to date on the latest changes to deposit protection schemes. Rules on tenancy deposits changed in May 2012 and landlords who don't protect their tenants' deposits within 30 days may be liable for a fine of up to 3 times the deposit value – so make sure your clients are protecting themselves and their tenants.

June's Service Levels

The Mortgage Works — Fri, 20 Jul 2012 12:00:00 GMT

On average in June, it took us 10 days to progress your case from application to offer, and our Sales Support team answered your phone calls in under a minute. Click through to find out more and we'll keep our current service levels updated on our website so that you and your client always have the latest information to hand.

End dates extended & changes to our Guarantor products

The Mortgage Works — Tue, 17 Jul 2012 12:00:00 GMT

With effect from Wednesday 18 July, we'll be extending end dates on all BTL and Guarantor products and increasing Guarantor tracker rates by 0.10%. Please note no other products will be affected by this change.

May's Service Levels

The Mortgage Works — Tue, 19 Jun 2012 12:00:00 GMT

You can now see our key service levels for May and don't forget you can find weekly service levels on our website too.

Place your vote in this year's Financial Adviser Service Awards.

The Mortgage Works — Tue, 19 Jun 2012 12:00:00 GMT

We always welcome your feedback, so tell us your views by placing your vote in the 2012 Financial Adviser Service Awards