TMW increases remortgage offer periods to six months

Ryan Bembridge

April 26, 2018

The Mortgage Works has extended the period of time a remortgage offer is valid for from three months to six.

Previously only purchase and let-to-buy applications were valid for six months.

Paul Wootton, director of specialist lending at TMW, said: “We listen to landlords and their challenges in growing portfolios and the extension of TMW’s remortgage offer period acknowledges one of the many pressures that a landlord can face.

“This change in policy, along with recent improvements to our product offering, further illustrates TMW’s continued commitment to brokers and landlords.”

TMW increased the maximum LTV for buy-to-let mortgages from 75% to 80% in March.

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