The Mortgage Works has released a product update. For their latest products visit the product page on their website or the news section of their intermediary website. A summary of the changes is below. Contact us for more information.
TMW Announcement
Stress rate changes
From tomorrow, Saturday 14 January, we’ll be updating all Tracker and Managed Rates to reflect the latest 0.50% increase in the Bank of England Base Rate.
Also, from Tuesday 17 January, we’ll be reducing Tracker Stress Rates by up to 1.00%.