Mortgage Interest Rates switch rates at a glance 03.12.18 Buy to Let Legacy Residential Residential FOR TMW CUSTOMERS SWITCHING PRODUCTS
Buy to Let Initial rate Followed by for the remainder of the mortgage term, currently: The overall cost for comparison is Early Repayment Charge loan amount (unless otherwise stated) is 1,500,000. B23902 1.99% 4.5% APRC 2% of loan amount (min. 595) B23903 B23904 1.99% 2.34% (Issue 6), 4.4% APRC 4.5% APRC B23905 2.89% None B23906 2.34% 5.0% APRC 2% of loan amount (min. 595) 2 Year Fixed B23907 Fixed 2.19% (Issue 7), B23908 2.59% 4.9% APRC 3% until 29/02/2020*, then 2% * B23909 2.99% None B23910 3.74% 2% of loan amount (min. 595) B23911 4.74% 80% (Issue 8), 5.6% APRC currently 5.54% variable None B23912 4.99% None B30026 2.34% B30027 2.59% 4.3% APRC (Issue 6), 3 Year Fixed B30028 2.94% 4.4% APRC None Fixed until 28/02/2022 B30029 2.49% B30030 2.74% 4.7% APRC (Issue 7), 4% until 29/02/2020*, then 3% *, then 2% until 28/02/2022* B30031 3.04% 4.8% APRC None Mortgages are secured on your property. You could lose your property if you do not keep up payments on your mortgage. 2
Buy to Let Initial rate Followed by for the remainder of the mortgage term, currently: The overall cost for comparison is Early Repayment Charge loan amount (unless otherwise stated) is 1,500,000. B90641 2.64% 4.2% APRC 2% of loan amount (min. 595) B90642 2.64% (Issue 6), B90643 2.79% 4.1% APRC B90644 2.99% None 5 Year Fixed B90645 2.74% 4.5% APRC 2% of loan amount (min. 595) B90646 Fixed until 29/02/2024 2.74% (Issue 7), 4.4% APRC B90647 2.89% 6% until 29/02/2020*, then 5% *, then 4% until 28/02/2022*, then 3% until 28/02/2023*, then 2% until 29/02/2024* B90648 3.09% 4.5% APRC None B90649 4.49% 5.5% APRC 2% of loan amount (min. 595) 80% B90650 4.89% (Issue 8), 5.4% APRC currently 5.54% variable None B90651 5.49% 5.7% APRC None 10 Year Fixed B90652 Fixed until 28/02/2029 4.99% (Issue 7), 5.2% APRC None 7% until 28/02/2023*, then 6% until 29/02/2024*, then 5% until 28/02/2025*, then 4% until 28/02/2026*, then 3% until 28/02/2027*, then 2% until 29/02/2028*, then 1% until 28/02/2029* Mortgages are secured on your property. You could lose your property if you do not keep up payments on your mortgage. 3
Buy to Let Initial rate Followed by for the remainder of the mortgage term, currently: The overall cost for comparison is Early Repayment Charge Switch to Fix is available on Buy to Let Tracker and Lifetime Variable products, which allow a customer to switch to an existing customer fixed rate, within the same product range, at any time during the benefit period without incurring Early Repayment Charges. loan amount (unless otherwise stated) is 1,500,000. B70497 (currently 0.) plus 1.29% 2.04% 4.5% APRC 2% of loan amount (min. 595) B70498 B70499 (currently 0.) plus 1.29% (currently 0.) plus 1.89% 2.04% 4.4% APRC (Issue 6), 2.64% 4.5% APRC 2 Year Tracker B70500 B70501 (currently 0.) plus 2.39% (currently 0.) plus 1.74% 3.14% 4.6% APRC None 2.49% 5.0% APRC 2% of loan amount (min. 595) 2% until 29/02/2020*, then 1% * B70502 B70503 B70504 (currently 0.) plus 1.59% (currently 0.) plus 2.14% (currently 0.) plus 2.54% 2.34% 4.9% APRC 2.89% (Issue 7), 5.0% APRC 3.29% None Lifetime Variable B08142, 4.74% (Issue 6), 5.0% APRC 2% until 31/08/2019* Mortgages are secured on your property. You could lose your property if you do not keep up payments on your mortgage. 4
Legacy Residential Initial rate Followed by The Mortgage Works Managed Rate for the remainder of the mortgage term, currently: The overall cost for comparison is Early Repayment Charge Available to residential customers whose original product, which can be found on the mortgage offer, began with the following letters: FS, P, PC, E, F, G, H, L, M, N, NP, S, SC, SE, SH, SL, SM, SN or SP. Please contact us on 08000 30 40 60 if you need further information. loan (unless otherwise stated) is 1,000,000. 2 Year Fixed J02041 4.79% Fixed 5.5% APRC None (Issue 2), currently 5.44% variable J02042 4.99% None 2% until 29/02/2020*, then 1% * 5 Year Fixed J19039 5.29% 5.6% APRC Fixed until 29/02/2024 None (Issue 2), currently 5.44% variable J19040 5.49% 5.7% APRC None 5% until 29/02/2020*, then 4% *, then 3% until 28/02/2022*, then 2% until 28/02/2023*, then 1% until 29/02/2024* Lifetime Variable J08002, currently 5.44% variable 5.44% (Issue 2), currently 5.44% variable 5.6% APRC None None None Mortgages are secured on your property. You could lose your property if you do not keep up payments on your mortgage. 5
Residential (including Guarantor mortgages) Initial rate Followed by The Mortgage Works Managed Rate for the remainder of the mortgage term, currently: The overall cost for comparison is Early Repayment Charge loan amount (unless otherwise stated) is 1,000,000. A02822 1.79% 60% A02823 1.89% 70% 2 Year Fixed A02824 1.94% 4.6% APRC Fixed 495 (Issue 5), currently 5.04% variable A02825 1.99% 80% 2% until 29/02/2020**, then 1% ** A02826 2.09% 85% A02827 2.69% 4.8% APRC 90% 5 Year Fixed A19572 3.19% 80% Fixed until 29/02/2024 4.5% APRC 495 (Issue 5), currently 5.04% variable A19573 3.34% 85% 5% until 29/02/2020**, then 4% **, then 3% until 28/02/2022**, then 2% until 28/02/2023**, then 1% until 29/02/2024** 2 Year Tracker A07277 (currently 0.) plus 1.24% 1.99% (Issue 5), currently 5.04% variable 4.6% APRC 495 None ** Lump sum or regular overpayments can be made of up to 20% of the initial mortgage balance in each 12 month period from the anniversary of completion, without having to pay any early repayment charges. Mortgages are secured on your property. You could lose your property if you do not keep up payments on your mortgage. 6
Lending Criteria Buy to Let, Legacy Residential & Residential If a mortgage product with TMW is either approaching maturity, has matured or has a Switch to Fix facility, it may be possible to switch to another mortgage product, subject to eligibility criteria. Eligibility for this range of products is subject to no mortgage arrears and the mortgage has not been in arrears in the last two months. Customers subject to a Bankruptcy Order or Individual Voluntary Arrangement (IVA) are not eligible to complete a product switch until their bankruptcy or IVA is discharged and the trustee has confirmed they no longer hold an interest in the mortgage. switches are subject to an indexed property valuation. This will be used to determine the current for the purposes of product selection. Results are based on movements in prices in the regions of the UK rather than in specific towns and cities. The data is based on movements in the price of a typical property in the region, and cannot take account of differences in quality of fittings, decoration etc. Please note, if switching Legacy Residential products we will offer a product on the same basis as the original application. The Mortgage Works (UK) plc. (Company No. 2222856) is a wholly owned subsidiary of Nationwide Building Society and is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 189623. You can confirm our registration on the FCA s website (www.fca.org.uk). The Mortgage Works (UK) plc also acts as agent and mortgage administrator for Derbyshire Home Loans Ltd (Company No. 2628265, FCA No. 302586) and for E-Mex Home Funding Ltd (Company No. 02124900, FCA No. 305370). All three companies are wholly owned subsidiaries of Nationwide Building Society, are registered in England and Wales with their registered office at Nationwide House, Pipers Way, Swindon, SN38 1NW and are authorised and regulated by the FCA. Most buy-to-let mortgages are not regulated by the FCA. The Mortgage Works (UK) plc, Portman House, Richmond Hill, Bournemouth, BH2 6EP. Telephone: 0800 030 40 60 All information correct at time of publication. The Company reserves the right to withdraw any of the products at any time or to change or vary the actual rate quoted. The Mortgage Works reserves the right to change (BBR) tracked products within 60 days of a Bank of England rate change. Applications are required. Standard terms and conditions available on request. Please note that for our mutual protection and to improve service standards, we may monitor and/or record telephone calls. T212 (03.12.18) Mortgages are secured on your property. You could lose your property if you do not keep up payments on your mortgage. 7