The Mortgage Works (TMW) has updated selected products across its buy-to-let and prime residential ranges.
The specialist lending of the Nationwide Building Society has cuts rates on all of its two-year fixed ‘let to buy’ products, although it has increased selected buy-to-let, ‘let to buy’ and prime residential products.
It has also introduced a 0.50% fee on the TMW Prime Lifetime Variable product.
TMW has withdrawn certain rates on buy-to-let and ‘let to buy’ also.
<u><b>Details</b></u>:
<b>Product Withdrawals</b>
3.24% (BBR+2.74%) Buy to Let 1 year tracker, 60% LTV, 3.50% fee (B07407)
3.44% (BBR+2.94%) Buy to Let 1 year tracker, 70% LTV, 3.50% fee (B07408)
4.99% Buy to Let Lifetime Variable rate, 70% LTV, £1,999 fee (B08003)
3.39% Let to Buy 1 year fixed, 70% LTV, 3.50% fee (LB0106)
4.99% Let to Buy Lifetime Variable rate, 70% LTV, £2,499 fee (LB0802)
<b>Product Updates – Buy to Let</b>
1 year Switch to Fix tracker increased to 3.59% (BBR+3.09%), 70% LTV with 3.50% fee (B07422)
1 year remortgage tracker increased to 4.29% (BBR+3.79%), 70% LTV with 3.35% fee (B07423)
1 year remortgage fixed rate increased to 4.29%, 70% LTV with 3.35% fee (B01566)
<b>Product Updates – Let to Buy & First Time Landlords</b>
2 year fixed rate reduced to 5.19%, 70% LTV, 3.50% fee (LB0209)
1 year tracker increased to 3.69% (BBR+3.19%), 70% LTV, 3.50% fee (LB0716)
2 year remortgage fixed rate reduced to 4.99%, 65% LTV, 3.50% fee (LB0208)
1 year remortgage fixed rate increased to 3.49%, 65% LTV, 3.50% fee (LB0107)
1 year remortgage fixed rate increased to 4.34%, 70% LTV, 3.50% fee (LB0108)
1 year remortgage tracker increased to 3.49% (BBR+2.99%), 65% LTV, 3.50% fee (LB0713)
2 year remortgage tracker increased to 4.14% (BBR+3.64%), 65% LTV, 3.50% fee (LB0714)
1 year remortgage tracker increased to 4.34% (BBR+3.84%), 70% LTV, 3.50% fee (LB0715)
<b>Product Updates – Prime residential</b>
2 year fixed rate increased to 2.69%, 70% LTV, 2.00% fee (A02013)
2 year fixed rate increased to 4.79%, 85% LTV, 2.00% fee (A02014)
2 year tracker increased to 2.24% (BBR+1.74%), 70% LTV, 2.00% fee (A07023)
2 year tracker increased to 4.14% (BBR+3.64%), 85% LTV, 2.00% fee (A07026)
2 year ERC free tracker increased to 3.19% (BBR+2.69%), 75% LTV, 2.00% fee (A07027)
2 year purchase only fixed rate increased to 5.79%, 85% LTV, 0.50% fee (Free valuation A02510, £350 Cashback A02015)
2 year purchase only tracker increased to 3.04% (BBR+2.54%), 70% LTV, 0.50% fee (Free valuation A07504, £350 Cashback A07028)
2 year fixed rate increased to 5.19%, 85% LTV, 2.00% fee, £1,000 Cashback (A02016)
2 year fixed rate increased to 6.19%, 85% LTV, no arrangement fee, £1,000 Cashback (A02511)
2 year fixed rate increased to 5.14%, 85% LTV, 2.00% fee (Free valuation and free legals A02512, £500 Cashback A02017)
2 year step down tracker increased to 2.49% (BBR+1.99%), then 1.49% (BBR+0.99%) after 1 year, 70% LTV, 2.00% fee (A07029)
2 year step down tracker increased to 4.64% (BBR+4.14%), then 3.64% (BBR+3.14%) after 1 year, 85% LTV, 2.00% fee (A07030)
2 year capped tracker increased to 4.54% (BBR+4.04%, capped at 5.54%, 85% LTV, 2.00% fee (A07031)
2 year capped tracker increased to 4.99% (BBR+4.49%, capped at 5.99%, 85% LTV, 1.00% fee (A07032)
Lifetime Variable product at 4.79%, 85% LTV, 0.50% fee introduced (A08001)
