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TMW launches 4.69% two-year fixed rate mortgage

The Mortgage Works has launched a 4.69 per cent two-year fixed rate for buy-to-let customers and has reduced the rates on a number of its products by up to 0.55 per cent.

The new mortgage is available up to 75 per cent loan-to-value with a 2.5 per cent arrangement fee.

It has also introduced a new two-year tracker for buy-to-let customers at base rate plus 3.49 per cent up to 75 per cent LTV, with a 2.5 per cent arrangement fee.

TMW has reduced the rates on its let-to-buy range by up to 0.55 per cent and has lowered the rates on its remortgage products by up to 0.45 per cent.

Head of product management and pricing Tracie Pearce says: “The improvements we’re making to our buy-to-let range demonstrate our commitment to both customers and intermediaries, by offering a range of products that suit a variety of needs.”


OFT invites Mortgage Brain and TrigoldCrystal merger feedback

The Office of Fair Trading has invited feedback on Mortgage Brain’s proposed acquisition of rival TrigoldCrystal to investigate if there are any “competition or public interest” issues. In December, Mortgage Brain revealed it had agreed terms to buy TrigoldCrystal in a deal which could reach £9.9m. A notification was sent to the OFT for clearance […]

OPM set to add model portfolio service

OPM Fund Management is planning to introduce model portfolios to offer advisers an investment outsourcing service. The models will allow advisers to place their clients in a spread of OPM funds of funds that represents their risk profile. The boutique firm is to launch the models after its diversified target return fund, an absolute return […]


Just Retirement appoints three new directors

Just Retirement has appointed three senior executives as it looks to ramp up its distribution capabilities and product range. Former Living Time marketing director Steve Lowe becomes director of external affairs focusing on public relations, public policy, industry co-ordination and knowledge leadership. Mark Hawthorne joins the life assurance group as commercial director from Alico, where […]


FSA hits out at MMR criticism

The FSA has hit out at suggestions it is “steam rolling” through the mortgage market review and says it is taking its time to get things right. Speaking at a conference organised by Money Marketing’s sister title Mortgage Strategy yesterday, FSA manager of mortgage policy Lynda Blackwell said the regulator is not going to implement […]

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Pension freedom: wish you were here?

Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.


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