TMW expands 50% LTV loans

Jessica Nangle

October 10, 2017

The Mortgage Works (TMW) will be expanding its 50% LTV tier of mortgage products after they were offered for a successful limited period.

New five-year fixed rate 50% LTV purchase and remortgage products are being introduced, starting at 2.19% with a £1995 fee and 2.49% with no fee.

These rates come with free standard valuation and legals for remortgage or free valuation and £250 cashback for purchase and remortgage.

Selected 5-year fixed rate products are being reduced by up to 0.2% at 65% LTV and up to 0.45% at 75% LTV, with the 65% LTV product starting at 2.59% with a £1995 fee and the 75% LTV starting at 2.69% also with a £1995 fee.

Paul Wootton, managing director of TMW, said: “In the light of increased speculation that a base rate rise may be imminent, we are continuing to widen the choice for those seeking longer term payment security and offer competitive rates to landlords working to manage their costs.”

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