The Mortgage Works
The Mortgage Works
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The Mortgage Works

The Mortgage Works is a subsidiary of Nationwide Building Society and has been offering mortgages for over 30 years.

Decades after our first loan to a landlord, we’re still working hard to bring you the best of buy to let.

A lot’s changed, but we’re still as dedicated to supporting landlords and our brokers as we’ve always been.

Crafted products. Competitive pricing. Clear criteria.

An enduring commitment to helping you help your clients. We work so The Mortgage Works.

Proc Fees

Product Gross Net
Buy to Let 0.44% 0.39%
Buy to Let Further Advance 0.44% 0.39%
Limited Company Buy to Let 0.54% 0.49%
Product Transfers 0.20% 0.19%
Large Portfolio Applications 0.54% 0.49%
Product Type When does the lender pay PMS? Frequency
All Month following completion. Monthly.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  

Products & Features

Register Lender-InfoBoxWhite

Register to place business with The Mortgage Works:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

  • No minimum personal income requirements
  • No maximum age for Experienced Landlords at 65% LTV or less.  For other applicants/LTV, maximum age at application is 70 years 
  • No limit on number of properties 
  • Lower rate tax payer proposition (125% interest cover ratio)
  • Buy to Let and Let to Buy products up to 80% LTV, with a range of product fees to suit your clients’ needs
  • Houses in multiple occupation (HMO) products available up to 75% LTV
  • Limited Company proposition with products available up to 80% LTV and 125% Interest Cover Ratio (170% for HMOs)
  • Portfolio landlords accepted, with no limit on number of properties held by landlord.

Submit applications through TMW Online

TMW Online is our online service for intermediaries providing you with everything you need to complete a fast application:

  • Product selection tools
  • Electronic decisions in principle
  • Full signature less applications
  • Electronic identity
  • Case tracking – updated every 10 minutes
  • Case cloning
  • Scan and attach documents.