Latest news
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Application tips straight from our BDMs
Time is precious, and the last thing it should be wasted on is a delayed application. We reached out to our BDMs to come up with their best time saving application tips, which we’re now passing onto you.
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Simplifying deposit proofs
We're pleased to announce that from Thursday 6 December, we've made it easier to do business by reducing the number of proofs required for evidence of deposit.
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Policy and product changes
From Thursday 6 December, we'll be changing selected Buy to Let rental stress rates. Plus, we're introducing two new 10 year fixed products available up to 65% LTV, with the option of either 5 or 10 year ERCs.
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End date extensions
From Monday 3 December, we'll be extending the end dates across all Existing Customer Switcher products.
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Buy to Let Barometer
Our Q3 Buy to Let Barometer showcases the latest results from BVA BDRC's Landlord Panel research.
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Thank you for your continued support
Thanks to your support, this year we've been awarded 5 Stars in the Financial Adviser Service Awards.
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Our top 5 most popular guides
Did you know TMW have a range of guides on our website designed to help you deliver great service and client experience?
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Introducing Sarah Donaldson
Introducing Sarah Donaldson, our latest BDM to join the team.
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End date extensions
From Friday 2 November, we'll be extending the end dates across all New Business products.
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Broker Support Profile: Robb Livermore, Technical Support Team Manager
Get to know Robb Livermore, who's been an integral part of TMW's Technical Support team.
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Reduced rates and product updates
From Friday 19 October, we'll be reducing selected rates by 0.10% and introducing new products, including a range of 5 year further advance products. Also, we're pleased to announce new £1,000 cashback options.
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New and improved Limited Company application form
We've made a few improvements to our Limited Company Buy to Let application form to make it easier for you to submit business.
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Waiting around for a case update?
TMW Online is the easiest way to track your case. And with it being updated every 10 minutes, it's a great way to get the most up-to-date information, including outstanding requirements and case notes.
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New Business rate changes and updates to our product range
From tomorrow, Thursday 27 September, we'll be reducing selected 2 and 5 year rates by up to 0.65% and making updates to our product range.
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Broker Support Profile: Debbie Lees, Regional Manager
Get to know Debbie Lees, who's been an integral part of TMW's Intermediary Relationships team for 10 years.
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Changes to HMO licensing
Extension of HMO licensing officially comes into play from 1 October 2018, meaning key changes for HMO Landlords.
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Calculate your client's maximum further borrowing
If your client already has a Buy to Let mortgage with The Mortgage Works and wants to borrow more, they could borrow up to 80% of the value of their property*.
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Download our new Rental Income Analysis Report
Did you know that according to the latest results from BDRC Continental's Landlord Panel survey, mortgaged BTL landlords generate an annual gross rental income which is significantly higher than that of unencumbered landlords (£72k vs £48k)?
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End dates extension
We're just letting you know that from tomorrow, Thursday 30 August, we'll be extending the end dates across all New Business products.
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Our new Tenant Demand Report
Our Q2 2018 Tenant Demand Report follows on from the recently shared Buy to Let Barometer, with content also taken from BDRC Continental's latest Landlord Panel research.
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Broker Support Profile: Andrew Barnsley, Business Development Manager
Get to know Andrew Barnsley, one of our long-standing BDMs who has been with us for over 10 years.
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Buy to Let Barometer
Our Q2 Buy to Let Barometer showcases the latest results from BDRC Continental's Landlord Panel research.
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Changes to selected variable rate mortgages
The Bank of England announced an increase to the base rate on Thursday 2 August to 0.75%. Please find the effect of this increase on The Mortgage Works' mortgage rates.
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Bank of England raises interest rates to 0.75%
Today, Thursday 2 August, the Bank of England has announced an increase to the base rate from 0.50% to 0.75%.
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A closer look at Landlords Purchase Strategies
Did you know that 15% of landlords' plan to purchase property in the next year, edging up from the all-time low of 12% at the end of 2017?
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Broker Support Profile: Simon Cradock, Corporate Relationship Manager
Simon has been a Corporate Relationship Manager for two and a half years, and a Business Development Manager for twelve years before that.
Simon provides insight into the role of a Corporate Relationship Manager and tells us how he helps support mortgage clubs and networks.
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Broker support profile: Darren Cunliffe, BDM
Darren has been a BDM for the last three years and has worked in financial services for 25 years, most of the time as a broker.
Darren provildes insight into the role of a BDM at The Mortgage Works and tells us how he helps support you and your clients' applications.
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Introducing our Limited Company product range
Continuing our mission to make even more improvements for you and your clients, we're pleased to announce our return to the Limited Company market.
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Rate changes and product updates
From tomorrow, Thursday 28 June, we'll be reducing selected 5 year fixed rates by up to 0.50% and introducing a new dedicated range of Further Advance products with an extended offer validity period of 6 months.
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Broker support profile: Adam Green, Broker Chat adviser
Adam started working for Nationwide Building Society in 2015 and has worked in our registration and procuration fee team, a variety of Dedicated Broker Support roles, and for the last year has been a Broker Chat adviser.
Adam provides insight into the role of a Broker Chat adviser and tells us how he helps support you and your client's applications.
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Maximum age policy
You may have heard recently that we've improved our maximum age policy for Experienced Landlord applications. And it's true, we've completely removed maximum age limits for Experienced Landlord applications up to 65% LTV.
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Broker support profile: Tracey Copeland, BDM
Tracey has worked for The Nationwide Group for over 20 years, the last 10 years as BDM.
Tracey provides insight into the role of a BDM at The Mortgage Works and tells us how she helps support you and your client's applications.
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Building a better world of Buy to Let
We've always stood by our commitment to brokers and landlords, putting you at the very core of everything we do. Here's a reminder of some of the stellar improvements we've recently made, along our journey to Destination TMW.
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End dates extension
We're just letting you know that from tomorrow, Wednesday 6 June, we'll be extending the end dates across all Existing Customer switcher products.
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New 2 year fixed rates at 50% LTV, starting at 1.49%
From tomorrow, Thursday 31 May, we'll be introducing new 2 year fixed rates at 50% LTV. We'll also be reducing current 2 year fixed rates at 50% LTV by 0.10%.
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7 time-saving tips to help get your clients a faster offer
We know it can be frustrating when your client's application is delayed, which is why knowing a few ways to help speed up your case can prove invaluable. So, we've listed our 7 must know tips that could help save you and your clients time when you submit your next application.
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Selected tracker rate reductions and a new 10 year fixed rate
From Thursday 24 May, we'll be reducing selected 2 year tracker rates by up to 0.45%. And we'll be introducing a 10 year fixed rate at 3.49% with free standard valuation and £250 cashback.
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Increased procuration fees and dedicated product range for larger portfolio clients
We're pleased to confirm that from tomorrow, Thursday 17 May, we're increasing our procuration fees for larger portfolio applications and to support this will be introducing a dedicated range of products.
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Download our Buy to Let Barometer
Our Q1 Buy to Let Barometer showcases the latest results from BDRC Continental's Landlord Panel research.
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Extending the Offer Validity period for remortgage applications
From tomorrow, Friday 27 April, we'll be extending the Offer Validity period for remortgage applications from 3 to 6 months. This supports your clients applying for a remortgage and onward purchase at the same time, as both product ranges now have the same Offer Validity period.
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End dates extension
We're just letting you know that from Wednesday 25 April, we'll be extending the end dates across all New Business products.
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No max age for Experienced Landlords up to 65% LTV
It's our mission to continually make improvements for you and your clients, which is why from Wednesday 18 April, we're removing maximum age limits for experienced landlord applications up to 65% LTV.
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Energy Efficiency Regulations are coming
From 1 April, new Energy Efficiency Regulations will establish a minimum standard of energy efficiency for private rented property. This means landlords must ensure their properties have an Energy Performance Certificate (EPC) rating of 'E' or higher before granting a new tenancy to new or existing tenants.
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End dates extension
We're just letting you know that from Wednesday 28 March, we'll be extending the end dates across all existing customer switcher products.
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Reintroducing 80% LTV fixed rate product
From tomorrow, Thursday 22 March, we're reintroducing new 2 and 5 year fixed rate products at 80% LTV, with rates starting from 2.99%.
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It's simple to switch your client's mortgage online
If your client's already a TMW customer, and they're eligible to switch using our Online Mortgage Switcher (OMS) service, you can login to TMW Online to compare their current mortgage account with our latest offers, shortlist the mortgages they're interested in and compare rates, features and monthly payments or switch their deal online in a matter of minutes.
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Rental Income Analysis report
Did you know that according to the latest results from BDRC Continental's Landlord Panel survey, the average gross rental income earned in the last 12 months is £58,000, down by £1,000 since Q3?
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Rate changes and end dates extension
Further to our email yesterday, we can now confirm that from tomorrow, Thursday 1 March, we'll be increasing selected 2 and 5 year fixed rate products by 0.05%.
We'll also be extending the end dates across all New Business products.
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Our latest Tenant Demand Report
Our Q4 2017 Tenant Demand Report follows on from the recently shared Buy to Let Barometer, with content also taken from BDRC Continental's latest Landlord Panel research.
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New products and selected rate changes
From Wednesday 14 February, we'll be reducing selected 5 year fixed rates at 50% LTV by 0.15%. And we're introducing 50% LTV, 2 and 5 year fixed rate products, including our lowest ever 5 year fixed rate at 1.99%
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Submitting proofs just got simpler
To save you time and to help make submitting proofs easier, from today you no longer need to confirm that you've seen the original documents. This change applies to all documents except for those being used for ID and/or address verification.
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Download our Buy to Let Barometer
Our Q4 Buy to Let Barometer showcases the latest results from BDRC Continental's Landlord Panel research.
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Take five to stop fraud
Every year, serious and organised crime costs the UK economy an estimated £24 billion. In the UK, fraud is the most prevalent crime, with an estimated 1.7 million incidents of fraud in 2016, and UK card fraud losses of an estimated £768 million (Financial Fraud Action UK).
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End dates extension
We're just letting you know that from Tuesday 9 January, we'll be extending the end dates across all New Business and existing customer products.
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Download our new Rental Income Analysis report
Each quarter BDRC Continental carry out their Landlord Panel survey, where they ask landlords to select their annual gross rental income. Find out more in our Q3 2017 Rental Income Analysis report which looks at these results along with regional trends and landlord's future intentions.
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End dates extension
We're just letting you know that from Thursday 7 December 2017, we'll be extending the end dates across all New Business products.
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Our latest Tenant Demand Report
Our Q3 2017 Tenant Demand Report follows on from the recently shared Buy to Let Barometer, with content also taken from BDRC Continental's latest Landlord Panel research.
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Download our Buy to Let Barometer
Our Q3 Buy to Let Barometer showcases the latest results from BDRC Continental's Landlord Panel research.
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Limited Company pilot for professional landlords
On Wednesday 8 November, we launched an initial pilot to a small number of brokers, namely Mortgage Intelligence and The Buy to Let Mortgage Business, which re-introduced a range of Buy to Let mortgage products for landlords seeking to secure finance against a property held in a Limited Company.
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End dates extension
We're just letting you know that from Tuesday 31 October 2017, we'll be extending the end dates across all New Business and Existing Customer products.
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Confirming our plans for a potential base rate change
We’ve recently announced a number of potential changes to our mortgage rates if the Bank of England raises its base rate at 12pm on Thursday 2 November by 0.25%.
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New products and reduced rates
From Wednesday 11 October, we're reducing selected 5 year fixed rates by up to 0.45% and introducing a selection of new 5 year fixed 50% LTV products.
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Portfolio landlord updates now implemented
We're pleased to confirm that our systems have successfully been updated to reflect the Prudential Regulation Authority's (PRA) changes to portfolio landlord underwriting standards.
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Portfolio landlord supporting documents are now available
To make it easier to do business with us, our dedicated portfolio landlord webpage has now been updated with our range of new supporting documents.
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Confirming our portfolio landlord policy
We're just letting you know that we're updating our systems this weekend to support the Prudential Regulation Authority's (PRA) changes to portfolio landlord underwriting standards that are coming into effect later this week.
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New limited edition fixed rates at 50% LTV
From Wednesday 13 September, we're introducing new 2 and 5 year fixed rates at 50% LTV for remortgage, with rates of 1.39% and 2.14% respectively.
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Download our new Rental Income Analysis report
Each quarter BDRC Continental carry out their Landlord Panel survey, where they ask landlords to select their annual gross rental income. Find out more in our Q2 2017 Rental Income Analysis report which looks at these results along with regional trends and landlord's future intentions.
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