What Is The The Mortgage Works?
The Mortgage Works is a specialist lender that is a company under the Portman Building Society. It has served the intermediary market for over the last fifteen years, and today, The Mortgage Works is responsible for managing over 2 billion in mortgage assets. Individuals can apply for mortgages with Mortgage works, and the company offers a wide range of products, options, and solutions that are made specifically to meet the needs of their clients. They offer solutions that are particularly flexible when compared to other mortgage companies, so they’re considered a great option for a variety of people seeking mortgages, whether they’re first time buyers or those who are seeking to buy investment properties. They also offer mortgage products for people who are re-mortgaging or those who are buying properties with the intention to let.
The Mortgage Works offers three main types of mortgages; Status Plus Mortgages, Buy To Let Homes, and Self Certification Mortgages.
Status Plus Mortgages offered by The Mortgage Works are a type of loan available only from intermediaries. They offer two fixed rate mortgages at two years, two year discount mortgages, and tracker mortgages which change according to the base rate of the Bank of England. Status Plus Mortgages from The Mortgage works also offer other features, such as offering a combination of interest only repayments or just repayment towards the mortgage.
The Mortgage Works also offers Buy To Let mortgages, which are offered in two, three, or five year mortgage terms. These all turn into a variable rate mortgage after a fixed term has passed. One of the features for this type of mortgage is that you are able to get a two or three year tracker mortgage that is associated with the Bank of England’s base rate.
Self Certification Mortgages are made for people who have a hard time proving their income, like self employed or contract workers. Declarations are required and two fixed rate products can be chosen, a two or five year mortgage term that turns to a variable rate. Under a Self Certification Mortgage, discount and tracker mortgages are also available.
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Tags: Bank Of England, Contract Workers, Declarations, Discount Mortgages, First Time Buyers, Fiv, Fixed Rate Mortgages, Hard Time, Intermediaries, Investment Properties, Last Fifteen Years, Mortgage Assets, Mortgage Companies, Mortgage Products, Mortgage Terms, Portman Building Society, Repayments, Self Certification Mortgages, Variable Rate Mortgage, Year Mortgage