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DAILY TELEGRAPH
Argentina to complain to UN over 'militarisation' of Falklands - Wed, 08 Feb 2012 00:01:14 GMT

Argentina to complain to UN over 'militarisation' of Falklands - Wed, 08 Feb 2012 01:39:03 GMT
Schools held back by university demands, says Eton head - Wed, 08 Feb 2012 00:01:14 GMT
Syria uprising: February 7 as it happened - Tue, 07 Feb 2012 23:00:15 GMT
Barack Obama fires marshmallow cannon across White House - Tue, 07 Feb 2012 22:48:37 GMT
Cristina Kirchner says Britain 'militarising' South Atlantic - Tue, 07 Feb 2012 22:41:13 GMT
Abu Qatada 'has not committed any crime' and it is not Europe's fault he was released, Ken Clarke says - Tue, 07 Feb 2012 22:00:45 GMT

FINANCIAL TIMES
RBS shake-up has cost £38bn so far - Tue, 07 Feb 2012 20:03:56 GMT

RBS shake-up has cost £38bn so far - Tue, 07 Feb 2012 20:47:10 GMT
Glencore and Xstrata face blocking threat - Tue, 07 Feb 2012 20:03:56 GMT
Greece misses bail-out deadline - Tue, 07 Feb 2012 18:47:03 GMT
Santorum in surprise comeback in Republican race - Wed, 08 Feb 2012 04:49:06 GMT
Asian shares inch higher amid Greece caution - Wed, 08 Feb 2012 03:01:57 GMT
Yahoo chairman to leave in reshuffle - Tue, 07 Feb 2012 21:51:53 GMT

BBC NEWS
BBC News - Business - Tue, 07 Feb 2012 22:16:12 GMT

BBC News - Business - Tue, 07 Feb 2012 23:56:08 GMT
Profits decline at BHP Billiton - Tue, 07 Feb 2012 22:16:12 GMT
Euro 'could survive Greece exit' - Tue, 07 Feb 2012 16:33:05 GMT
RBS boss: 'Prove critics wrong' - Tue, 07 Feb 2012 22:11:12 GMT
Yahoo board in another shake-up - Wed, 08 Feb 2012 01:08:12 GMT
Theme parks help Disney profits - Tue, 07 Feb 2012 16:04:36 GMT
Lloyds Group to shed 1,000 jobs - Tue, 07 Feb 2012 20:41:18 GMT
 
 

TMW enhances BTL range

The Mortgage Works (TMW) has increased its maximum loan-to-value (LTV) for non-status rental calculations across it buy-to-let products.

15 June, 2007

LTVs have risen from 70% to 75% and TMW has also made a number of additions to its buy-to-let offering.

The specialist lender has launched seven- and 10-year fixed rate mortgage products, with rental calculations at 110% of pay rate up to 85% LTV, together with procuration fees of 0.60% and 0.75% respectively. In addition, 90% LTV or 100% rental cover is available on both products for an additional 1% fee. A two-year Bank Base Rate (BBR) tracker has also been launched, featuring no early repayment charges (ERCs).

Summary of products:

  • Two-year BBR tracker – 4.99% (arrangement fee 2.5%, min £595) - No ERCs
  • Seven-year fixed – 5.99% (arrangement fee 1.5%, min £595)
  • Ten-year fixed – 5.99% (No arrangement fee)
Andy McQueen, director of marketing at The Mortgage Works, said: “The new longer term fixes are ideal for landlords who are looking to minimise remortgage costs and fix their outgoings. A key feature of these products is that they are portable, essential at a time when interest rates are an uncertainty and circumstances may change over the longer term. The two-year tracker offers an attractive alternative as it has one of the lowest rates on the market and no ERCs, allowing partial and full repayment at the discretion of the client."


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