The Mortgage Works extends switching window to 13 weeks – Mortgage Strategy
The Mortgage Works has more than doubled the window in which existing borrowers can switch to a new deal from six to 13 weeks.
Nationwide’s specialist buy-to-let lender says the move applies to all the unit’s switcher products and comes after discussions with brokers.
The Mortgage Works head of specialist lending Daniel Clinton says: “We have listened to the feedback from brokers about how important it is to have a longer window to secure the best mortgage rate available.
“We hope this change continues to demonstrate our commitment to supporting our existing landlord customers who are coming to the end of their current TMW deal.”
Earlier this week, the Mortgage Works hired Damian Thompson as its director of landlord.
Thompson joined the broker-only BTL lender from Aldermore Bank, where he worked for just under five-and-a-half-years, leaving as group managing director retail finance.