Selected fixed and tracker products also improved by up to 0.15%, with tracker rates starting from just 1.99% (Bank of England Base Rate + 1.49%).
The new additions to the range include:
- Extended range of Remortgage products - new £595 arrangement fee options with free standard valuation and free standard legal fees
- Extended range of Stepped Tracker products including a new 85% LTV option
- New two-year fixed rate for house purchase - no arrangement fee, £250 cash-back, free standard valuation and available up to 85% LTV
- Two-year fixed rate product at 3.99%, with £1,000 cash-back - available up to 75% LTV
- New five-year fixed rate products with rates starting from 4.24%
A selected range of fixed rate products were withdrawn from the range at the close of business on Monday 15 November 20101.
Tracie Pearce, Head of Product Management and Pricing at The Mortgage Works, said:
"The changes we have made to our TMW Prime range is great news for intermediaries and borrowers alike. When we launched this range, which is exclusive to intermediaries, we wanted to enable them to offer their customers a wider range of mortgages that suit their specific borrowing needs.
"The improvements we have now made reaffirm our commitment to the intermediary channel, which remains a vital part of our mortgage business."
