Our popular BTL 2 year fixed rate is back
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.
End dates extended across all product ranges
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.
Buy to Let rates reduced by up to 0.80%
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.
Why Buy to Let is here to stay
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."
BTL success spoils landlords for choice
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."
TMW Residential Further Advance product withdrawal
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.
Policy changes to TMW Buy to Let
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.
At TMW we're answering your calls in less than 1 minute
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.
June's Service Levels
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.
May's Service Levels
You can now see our key service levels for May and don't forget you can find weekly service levels on our website too.
We're all smiles
Thank you for voting for us in the FT Adviser Online Service Awards. At TMW we strive to create innovative tools that help you provide the best service possible to your clients and thanks to you we're delighted to have been awarded five stars in the FT Adviser Online Service Awards.
BTL market remains strong
The Council of Mortgage Lenders' recent report on Buy to Let lending for Q1 has shown a 5% reduction in new lending on Q4 2011. TMW's Senior Manager for Product Management and Pricing, Greg Went, suggests that far from losing its vigour, the Buy to Let market is still in an undeniably strong position.
April's Service Levels
We're pleased to report that during April, on average we progressed your cases to offer in under 8 days, and our Sales Support team answered your calls in just over 30 seconds. Follow the link below to see the rest of our service levels.
Changes to our Guarantor and existing Residential customer product ranges
With effect from 25 April 2012, all end dates across our TMW Guarantor ranges will be extended. End dates will also be extended on our existing customer Residential ranges, with selected rates increased. There are no changes to our Buy to Let product ranges.
Watch the debate on Buy to Let regulation
Watch our panel of experts from The Mortgage Works discuss the challenges and opportunities within the BTL market. The Mortgage Works gives his view on regulation, the role of the FSA and the scope of the European Mortgage Directive within the BTL industry.
Residential Further Advance and Guarantor ranges
From Wednesday 21 March 2012 we will be making changes to our Residential Further Advance and Guarantor ranges.
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 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 & 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.
Product and criteria changes
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.
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.
We're making it easier to do business with TMW
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.
Buy to Let and Guarantor end dates extended
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.
New BTL 2 year fixed rates from 2.99%
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.
End dates extended & changes to our Guarantor range
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.
Scottish new build valuations changes
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.
Tenancy deposit protection
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.
End dates extended & changes to our Guarantor products
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.
Place your vote in this year's Financial Adviser Service Awards.
We always welcome your feedback, so tell us your views by placing your vote in the 2012 Financial Adviser Service Awards
End dates extended on our BTL and Guarantor ranges
With effect from Thursday 31 May, we're extending end dates on BTL and Guarantor new business products, and all existing customer product ranges. Maximum loan size per property adjusted to £500,000 on selected Let to Buy, First Time Landlord, Light Refurbishment, and HMO products.
The results are in.
Thank you to everyone who completed our 2012 BTL survey. We are working through every piece of feedback, and we've put together a report which gives you a picture of the Buy to Let market as intermediaries see it.
New and improved BTL products launching tomorrow
With effect from 3 May 2012 we'll be launching new 2 year fixed BTL products and improving selected rates by up to 0.25%. Keep reading for more details on these changes and check back tomorrow morning for your copy of the latest BTL product guide.
Exciting new BTL products launching tomorrow
From 20 April 2012 we'll be launching new ERC free trackers from 3.64% and making numerous rate improvements across the current range. Follow the link below for more detail.
Don't miss your chance to speak up.
We've had some valuable responses so far in our 2012 Buy to Let survey - is yours among them? If you haven't taken part yet, the survey closes on Friday 13th - so be sure to tell us your views on Buy to Let today.
3.99% 2 year tracker up to 75% LTV launches tomorrow
From 16 March 2012 we'll be launching new BTL products including a BTL Lifetime Variable at 4.99%, and making rate improvements across the current range; with additional cashback options now available on selected products and selected rates reduced by up to 0.60%.
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.
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.
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.
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.