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The Mortgage Works

Finance available: Buy to let mortgages

Access: The Mortgage Works is an intermediary only buy to let lender. It is part of the Nationwide Building Society.

Buy to let mortgages: 

The Mortgage Works is a leading, mainstream buy to let lender offering a selection of fixed, tracker and discounted buy to let rates to experienced landlords. It will lend to individual borrowers on property in England, Wales and mainland Scotland, offering terms from 5-35 years. It does not have products for limited company borrowers.

We often approach The Mortgage Works on behalf of older investors, as it allows applicants to be up to the age of 90 at the end of their mortgage term (as long as the borrower is less than 70 years old when applying for the loan). It also has no minimum income requirement. TMW accepts HMOs, ex-local authority housing, flats above commercial premises, studio flats and standard buy to let property.

From 11th May 2016 TMW increased its rental cover requirements from 125% to 145% and cut its maximum loan to value (LTV) from 80% to 75%.

From 17th May 2017 TMW reduced their ICR to 125% for lower rate tax payers.


The 1st October 2017 will bring changes to the way in which buy to let mortgage applications are underwritten for portfolio landlords

TMW has said that to process an application, in addition to the usual up-to-date proof of address and identification they will be asking to see:

  • Your last three months’ bank statements (personal and rental) showing mortgage payments and rental income
  • Proof of income:
    • Employed – Latest P60 and latest three payslips
    • Self-employed – Latest two years’ SA302s together with tax overview forms
  • Up-to-date detailed information on your property portfolio including full address, value, outstanding mortgages, lender names, monthly payments and rental incomes. Some or all of these details will need to be validated.


The Mortgage Works.jpg
To access this lender call The Deal Placement Team on 0345 345 6788 now.

Lenders change their criteria on a regular basis, so this page should be used as a guide only. We will do our best to keep it up to date.

Last updated: 19/11/2018


In the news:

The Mortgage Works & Paragon break the silence on lending to portfolio landlords


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