TMW announces new BTL cashback products The Mortgage Works has announced that as of tomorrow, 29 September 2016, it will be introducing a £250 cashback and free standard valuations for selected new mortgage products for landlords. TMW is expanding its product choice by adding deals with the cashback and free standard valuations to its range of options, which now include products with a 2.00% fee, a zero fee option as well as deals with flat fees of £1995 and £995. Paul Wootton, Managing Director of TMW, said: “After listening to feedback from brokers, we have launched new products with both a cashback of £250 and fee-free valuations to the TMW range, in addition to offering a competitive range of rates with varying fees. This will help to support landlords looking to minimise upfront costs. The new products will also now provide access to the free standard valuation option for house purchase customers that was previously only available on remortgage. In addition, cashback is a useful substitute for free standard legals option for those remortgage customers who prefer to use their own solicitor.” The new products are as follows: • 2 Year Fixed 65 per cent LTV, with £995 fee, free valuation and £250 cashback at 2.34% • 2 Year Fixed 75 per cent LTV, with £995 fee, free valuation and £250 cashback at 2.59% • 5 Year Fixed 65 per cent LTV, with £995 fee, free valuation and £250 cashback at 2.99% • 5 Year Fixed 75 per cent LTV, with £995 fee, free valuation and £250 cashback at 3.44% • 2 Year Tracker 65 per cent LTV, with £995 fee, free valuation and £250 cashback at 2.29% • 2 Year Tracker 75 per cent LTV, with £995 fee, free valuation and £250 cashback at 2.54% TMW is also supporting brokers to help landlords understand the forthcoming tax changes with detailed information on the TMW website as well as a calculator to determine the potential impact.   Source link

Willmott Dixon’s house-building division has been cleared to start construction of a 188-home development in north London Above: Prime Place at Millbrook Park The company secured approval from Barnet Council on a reserved matters application for its Prime Plac development at Millbrook Park. Millbrook Park is a new community that is under development on the site of the old Inglis Barracks, close to Mill Hill East tube station. It is being developed by the London Borough of Barnet, VSM (Vinci St Modwen) Estates and Annington Property. In total, it is expected to provide 2,174 homes in a landscaped park, with shops, offices and a new primary school. Willmott Dixon’s Prime Place business has been cleared to build 159 homes for private sale, together with 29 homes for affordable rent. Designed by architect Broadway Malyan, Prime Place Millbrook Park will be mostly flats, with a few three- and four-bedroom town houses. Prime Place is the brand that Willmott Dixon now uses for developing homes for sale. Willmott Partnership Homes builds for other developers, including housing associations. It also has a brand called Be:here that it uses for private rented homes. The three brands come under the Willmott Residential division, created in a reorganisation earlier this year.       This article was published on 9 Aug 2016 (last updated on 9 Aug 2016). Source link