TMW reveal POSO products

Launched on 13 September, this online facility will speed up the mortgage application process for brokers and their clients. POSO is available on a number of buy to let products, details as follows:

• 2 Year Fixed Rate – 6.59% to 31 December 2009
• 3 Year Fixed Rate – 6.49% to 31 December 2010
• 5 Year Fixed Rate – 6.29% to 31 December 2012

Key product features:

• Remortgage only
• Up to 75% LTV
• 0.5% Arrangement Fee
• Free Valuation
• £250 Cashback

Andy McQueen, managing director of Nationwide Specialist Lending, said: “This is a fantastic development for The Mortgage Works. Not only does the instant POSO strengthen our online proposition, it also underlines our commitment as a specialist lender.

“Instant POSO will greatly improve the online experience for brokers and will speed up the mortgage application process from start to finish. We will be adding to our current product range in the coming months.“