Mortgage Works enhances deal range

The Mortgage Works has announced a number of improvements to its mortgage range, increasing the options available to homeowners.

A new 4.99 per cent lifetime variable managed rate product with a loan-to-value LTV of up to 70 per cent has been made available, while new 3.99 per cent fixed and tracker products with free valuation and legal fees have also been introduced.

These are available at up to 70 per cent LTV, with a 3.5 per cent arrangement and £150 booking fees.

Reductions have also been made to the firm's three-year buy-to-let fixed-rate products 0.35 per cent and the equivalent five-year deal 0.2 per cent.

Meanwhile, the Mortgage Works' stepped tracker range has been renamed 'step down tracker' to highlight the reduced tracker loading in the second year.

A spokesperson for the firm said it was continuing its commitment "to expand and increase competitive mortgage solutions for intermediaries".

Last week, the Post Office reduced prices across its fixed-rate deals, increasing the availability of cheap mortgages in the UK market.

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2010-04-06 13:12:36 © Moneyextra.com