The Mortgage Works launches new products

The Mortgage Works (TMW) has added new fixed and tracker rate products to its prime residential range.

On top of this, the provider has made improvements to its existing products.

New products include two-year trackers from 3.49 per cent with no early repayment charge after July next year.

Tracie Pearce, head of product management and pricing at The Mortgage Works, said: "We've strengthened the competitiveness of our prime residential range by introducing several new products, as well as improving the rates on selected existing products.

"This is great news for intermediaries," she explained, "as there is a wider choice of residential mortgage deals to suit a variety of needs."

Meanwhile, Clydesdale Bank was recently named "Best Mortgage Lender in Scotland" at the prestigious Your Mortgage Awards.

Paula John, editor in chief of Your Mortgage, observed that Clydesdale Bank has won the title of 'Best Mortgage Lender in Scotland' every year since the category was introduced in 2004.

According to Ms John, Clydesdale Bank offers a well-priced range of mortgage products to first-time buyers, home movers and remortgagers alike.