New Limited Liability and Full Liability Guarantor products
From Tuesday 9th March 2010 The Mortgage Works will be launching an innovative range of products for the Guarantor market. For more info on their new Limited Liability and Full Liability mortgages read on, or to see a working example visit their website.
Limited Liability Guarantor Mortgages
The Mortgage Works Limited Liability Guarantor product range offers support to first time buyers who are trying to get on the housing ladder and is also available for your clients remortgaging or moving home. Unlike traditional propositions your client's guarantor can secure a fixed proportion of the loan up to a maximum of 30%, plus an additional 10%.
There is a wide range of products offering greater flexibility for your clients.
Highlights include:
- 2.99% 2 year tracker with 2% arrangement fee, up to 75% LTV
- 3.99% 2 year fixed rate with 2% arrangement fee, up to 75% LTV
- 4.99% 2 year fixed rate with no arrangement fee, up to 75% LTV
- 5.99% 3 year fixed rate with no arrangement and £1000 cashback, up to 75% LTV
- 6.24% 2 year fixed rate with £895 arrangement fee, up to 85% LTV
Full Liability Guarantor Mortgages
The Mortgage Works Full Liability range is aimed at Guarantors who can guarantee the entire mortgage plus their own existing commitments. Selected fixed and tracker products are available for purchase and remortgage.
A key benefit of their full liability range is that parents may be able to help their children take their first step onto the housing ladder.
Highlights include:
- 2.49% 2 year tracker, 2% arrangement fee, up to 75% LTV
- 3.49% 2 year fixed rate, 2% arrangement fee, up to 75% LTV
- 4.99% 2 year fixed rate, 1% arrangement fee, up to 80% LTV
- 5.59% 2 year fixed rate, 1% arrangement fee, up to 85% LTV
Want to know more?
For literature requests, products and lending criteria information call:
0845 601 0763 - option 1
For a decision in principle and case updates call:
0845 45 45 400
Lines are open Monday to Friday 9am - 5pm
Or visit their website