The Intermediary’s Post

Great News for Property Investors!  The Mortgage Works (TMW) has just reduced rates across their buy-to-let mortgage range, with new rates starting from 3.49%! 🔥 Key highlights include: 2-Year Fixed Rate at 4.64%, up to 75% LTV 5-Year Fixed Rate at 4.29%, up to 75% LTV Limited Company BTL: 2-Year Fixed Rate now at 4.79%, up to 75% LTV These competitive rates present a great opportunity to enhance your investment portfolio. Are you planning to take advantage of these new offers?

The Mortgage Works reduces rates by 0.45% The new rates include a 2-year fixed rate buy-to-let at 3.49%.

The Mortgage Works cuts buy-to-let rates The new business reduced rates include a 5-year fixed rate for purchase and remortgage at 3.69%.

The Mortgage Works cuts rates on selected products across the Limited Company range Effective today, The Mortgage Works (TMW) is reducing its rates by up to 0.25 percentage points on new business Limited Company five-year buy-to-let products, with rates starting from 4.84%.

Intermediaries growing more confident in the market 🏘 Mortgage brokers are becoming increasingly bullish about the state of the mortgage market – a promising sign that the flow of transactions is expected to improve this year. ➡ https://lnkd.in/eVPww3xv #ukhousing #housingmarket #mortgages #propertynews

According to the IMLA (intermediary mortgage lenders association) 89% of mortgages will be arranged through brokers this year, with this share to increase to 90% in 2025. This isn’t a surprise and has been increasing annually for over 10+ years. The UK mortgage market is one of the most diverse globally, with lenders offering borrowers so may different products, options and solutions it becomes a minefield for borrowers. It’s no longer just ‘what is the lowest rate’ as this is only part of the story. It’s now about what is the best structure, term, should we look at part interest only part repayment if you get bonus income etc.. You need to know what is going on with SWAP rates to gauge how long to fix for… There are so many variables that make up the best solution, that without the right advice it’s very likely borrowers will not get the best outcome by going direct to the lenders.

Second charge mortgage market sees eight month growth, up 14% year-on-year – FLA New business volumes for the first eight months of 2024 were found to be 14% higher than during the same period in 2023.

Consolidating your mortgage, can offer several benefits. Here are some key advantages: 1. Lower Interest Rates: One of the primary reasons people consolidate their mortgage is to take advantage of lower interest rates. You can reduce your monthly payments and the total amount of interest paid over the life of the loan. 2. Reduced Monthly Payments: By refinancing to a lower interest rate or extending the term of your mortgage, you can lower your monthly payments. This can free up cash flow for other expenses or savings. 3. Simplified Finances: Consolidating multiple loans (e.g., a first and second mortgage) into one can simplify your finances by reducing the number of payments you need to manage. This can make budgeting and tracking payments easier. Reach out to me to learn more. Carina DeMedeiros Mortgage Agent 1 Mortgage Architects fsra #12728 📧 carina@mortgagesbycarina.ca 📱(519) 902-7607

Clydesdale Bank reduces selected mortgage rates For core residential products, fixed rates for 65 to 75% loan-to-value (LTV) products will see a reduction of up to 0.15%, with rates starting from 4.44%.

With recent news articles reporting Standard variable Rate mortgages being up to £400 more expensive per month for some customers, many will be looking to make the switch 🔀 However your lender's Standard Variable Rate may be a good place to be if you're going to be making some big changes soon, such as moving house soon, you'll be making changes to the mortgage such as adding or removing a person 🤔 If you're on your lender's SVR or about to be, make sure you're informed, that's where we come in 👋🏼 We'll show you your options and help you make a plan to move forward 🏡 Source: https://buff.ly/3qhsfQz ***** Your home may be repossessed if you do not keep up your mortgage payments There may be a fee for mortgage advice. The precise amount will depend upon your circumstances. ***** We Financial Group Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 1004369) Registered No. 15140023 Registered Address: 7 The Alcorns, Normans Way, Stansted Mountfitchet, Essex, CM24 8DF