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
Take a look at our TMW New Build improvements
From 26 April, we’ve made some improvements to our TMW New Build offering.
We’ve increased LTVs
The maximum LTV for New Build Flats has risen to 75% for all TMW New Business applications.
We’ve launched our TMW New Build hub.
From criteria to application assistance, we’ve got you covered with our brand new hub designed for brokers.
We’re looking at things differently
We know time is important on a New Build application, so to help support you and your clients we will ring fence your application from when a valuation is received, right up to the offer being issued.
Rate change
From tomorrow, Friday 29 April, we’re increasing selected rates across our New Business and Switcher product ranges.
To help you to check if a product is affected by these changes we’ve included a full list of changing products on our website.
Securing current products
You can secure any current products available via TMW Online by submitting a Full Mortgage Application (FMA) by 8pm today, Thursday 28 April.
Where applicable, paper applications must be postmarked up to Thursday 28 April.