Tracie Pearce, head of product management and pricing at TMW, said: “The addition of 2-year capped trackers and remortgage products with free standard valuations and £250 cash-back further enhance our residential range, providing more choice for brokers and customers.
“We’ve also improved our existing products to enhance our competitive position with rate improvements and a simplified fee structure across the range.”
Summary of the TMW Residential range changes
• Rate improvements of up to 0.65% on selected existing products, the majority of which are on the 2-year and 3-year fixed rates.
• New 2-year capped tracker products.
• New fixed rate options with £250 cash-back and free valuations for remortgage customers.
The TMW Residential range now includes:
• 2-year fixed rate at 2.59% available at up to 70% LTV with a 2% arrangement fee for house purchase and remortgage.
• 3-year fixed rate at 3.69% available at up to 70% LTV with a £595 arrangement fee for house purchase.
• 2-year tracker rate at Bank base rate + 1.59% at 2.09% up to 70% LTV with a 2% arrangement fee for house purchase and remortgage.
• 2-year capped tracker at BBR +2.49% at 2.99%, capped at 3.99% available up to 70% LTV with a £995 arrangement fee for house purchase and remortgage.
• 2-year fixed rate at 3.59% available up to 70% LTV, with free standard valuation fee, £250 cash-back and a £595 arrangement fee for remortgage.
