Mortgages

TMW launches large portfolio mortgage range with enhanced proc fee

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16th May 2018
"we recognise both the specialist needs of those landlords with larger portfolios and those using limited companies, and the extra work involved as a result for brokers supporting them."

The Mortgage Works is launching a dedicated mortgage range for larger portfolio landlords with more than ten mortgaged buy-to-let properties with an enhanced procuration fee for brokers.

The range will offer a selection of products for purchase, remortgage and further advances up to 80% LTV.

Two-year fixed rates start from 2.34% at 65% LTV and 2.59% up to 75% LTV, and five-year rates start at 2.79% up to 65% LTV, all with a £995 arrangement fee and free standard valuation.

TMW will pay an additional 0.10% gross procuration fee on top of the standard fee

Paul Wootton, TMW’s managing director, said: “As part of our commitment to landlords and brokers, we recognise both the specialist needs of those landlords with larger portfolios and those using limited companies, and the extra work involved as a result for brokers supporting them.

"Along with recent improvements to our product offering, we are continuing to recognise the expertise needed in a market that has become increasingly specialised by increasing the procuration fee available.”

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