0345 600 31 31
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http://www.themortgageworks.co.uk/support/brokerchat

The Mortgage Works

Landlords sit at the heart of the private rental sector.
The Mortgage Works exists to support landlords to operate effectively, easily obtain financial support and understand their responsibilities.

Every broker will have access to an expert Business Development Manager, helping them grow their business.

themortgageworks.co.uk/intermediaries

Paid by PMS

For details of when your proc fee will be paid, please click on the button below.

Paid by PMS

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	0.58%	0.49%

Proc fees - when your proc fee will be paid

Product Type	When does the lender pay PMS?	Frequency
All	Procuration fees for new lending are paid every Tuesday. You can expect to receive your procuration fee payment between 8 and 14 days after completion. Payment days may change over bank holidays.	Weekly.

Product Type

When does the lender pay PMS?

Frequency

All

Procuration fees for new lending are paid every Tuesday. You can expect to receive your procuration fee payment between 8 and 14 days after completion.

Payment days may change over bank holidays.

Weekly.

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

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 income requirements
No maximum age if you are an experience landlord, otherwise the maximum age is 70.
Lower rate taxpayer proposition with 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
Limited Company proposition with products available up to 80% LTV and 125% Interest Cover Ratio
Portfolio landlords accepted, and no limit on number of properties held
HMO products available up to 75% LTV
Green Further Advance products available to support your clients in improving the energy efficiency of their properties.
A personalised Portfolio Review provided after the offer of a portfolio case, a tool to help make the most of your clients’ portfolios

Supporting you and your clients

Our Business Development Managers provide support face-to-face, on the phone and via video call across the UK, keeping you up to date.

Submit applications through TMW Online

The Mortgage Works Online is our online application system for brokers, which provides fast processing and case tracking to give you an efficient case experience:

Submit your clients’ applications easily
Case tracking without the need to call – our systems are updated every 10 minutes.
Immediate Decision in Principle
Scan and attach supporting documents
Download and print case documents online for your compliance records.

Contact us

Broker Chat is an online instant messaging service, open until 5pm, Monday to Friday. It’s a quick and easy way to speak to one of our advisers and gives you the option to save a copy of your chat.

You can get help with the following:

pre-application questions
procuration fees
tech support for TMW Online and questions about a Rate Switch application.

Stephanie Charman -Finalist Business Leader Specialist Distributer

The Mortgage Works

Paid by PMS

Proc Fees

Proc fees - when your proc fee will be paid

Products & Features

Register

Register to place business with The Mortgage Works:

0345 230 8000

[email protected]

FOR INTERMEDIARY USE ONLY