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Nationwide for Intermediaries to stop guarantor deals

Nationwide for Intermediaries will stop distributing guarantor mortgages through brokers from tomorrow.

Customers will still be able to access the deals direct from Nationwide but brokers will only have access to guarantor mortgages through the lender’s subsidiary, The Mortgage Works.

A Nationwide spokesman says the decision was made because of the low volume of guarantor mortgage business it conducts.

He says: “As the number of guarantor mortgages is relatively low, we think it is sensible to rationalise Nationwide’s guarantor lending through TMW.”

TMW launched a range of guarantor mortgages, including a number of limited liability and full liability products, in March.


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British war veterans living outside the UK are preparing to hand their medals back in protest at their pensions being frozen by the Government. Pensions minister Steve Webb (pictured) will today receive a petition from more than 100 former military expatriates living across the Commonwealth. The International Consortium of British Pensioners says the “discriminatory” freeze […]

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