New fixed and tracker rate mortgages have been added to the TMW prime residential range, as well as improvements to existing products.
New products include:
- Two-year trackers from 3.49% (BBR+ 2.99%) with no early repayment charge (ERC) after 31 July 2011
- Two-year stepped trackers from 2.19% (BBR+ 1.69%) in year one, with free standard valuation
- Two-year fixed rate at 3.99% with free standard valuation – purchase only
- Two-year fixed rate product at 4.59% with £250 cash-back, free standard valuation and no arrangement fee – purchase only
- Two-year fixed rate at 4.99% with free standard valuation and standard legal fees and £500 cashback – remortgage only
- Additional two-year step down tracker available up to 85% LTV
“This is great news for intermediaries, as there is a wider choice of residential mortgage deals to suit a variety of needs; for example, there’s a unique new two-year tracker with a shorter ERC period, which will benefit customers seeking short-term flexibility.”
There are also new fixed and tracker rate products for the TMW buy-to-let mortgage range, including a new lifetime variable product on the first-time landlord range, as well as a number of enhancements to existing products.
New products include:
- Expanded range of one-year trackers with rates from 2.74% (BBR+ 2.24%)
- Two-year fixed rate product options with no arrangement fee from 5.74%
- Lifetime variable product at 4.99% on the first-time landlord range
- Two-year fixed rate at 4.59% on the let-to-buy range
- Two-year stepped tracker starting at 3.39% (BBR+ 2.89%) in year one
- 18-month fixed rate product at 4.34%
