Latest News from the whole of the market
TMW removes self-CERT mortgages
Mon 12th Oct 09 - 12:13
The Mortgage Works, the specialist lending arm of Nationwide, has announced the withdrawal of its three self-cert products actually pulling cases of self-cert market.
TMW withdrew their Self Cert 2 years fixed rate of 6.74% to 2.50% fee provision, Self Cert 2 year fixed rate to 7.24% with 1.50% fee arrangement Self Cert and 2 years fixed rate increase to 6.99% from 8pm on Friday 9th October. There is no booking system in place for these products.
The Mortgage Works has been one of last specialist lenders of self-cert mortgages.
The lender has also announced the expansion of their Buy to Let products, with more options available on Remortgage products like their product range of rates 3 Year Fixed.
This includes the introduction of a new rate 1 year fixed 4.79% with Easy Remortgage offers a new 3 years fixed rate of 5.99% with Easy Remortgage Offer which includes £500 cash back on Easy Remortgage, now available for customers to buy a new 3 years fixed rate product at 6.34% to 70% LTV (1.50% fee arrangement), and a reduction of 3 years fixed rate 5.69% to 70% LTV (3.50% fee arrangement).
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Source: North Mortgages Ltd - 12th October, 2009
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Established in 2007, North Mortgages has built up a reputation as a whole of market mortgage broker with access to the best deals on the market.
North Mortgages has helped thousands of people obtain independent advice on Mortgages and Remortgages in Manchester and the UK. For more information visit www.northmortgages.co.uk or contact the whole of market mortgage brokers now on 08000 949595
