The Mortgage Works
The Mortgage Works
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The Mortgage Works

The Mortgage Works is a wholly owned 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 has 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 75% LTV, with a range of product fees to suit your clients’ needs
  • Limited Company proposition with products available up to 75% LTV and 125% Interest Cover Ratio
  • Portfolio landlords accepted, with no limit on number of properties held by landlord
  • Green Further Advance mortgage available to support your clients in improving the energy efficiency of their properties.

Submit applications through TMW Online

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

  • Submit your clients’ applications easily
  • Download and print case documents online for your compliance records
  • Electronic decisions in principle
  • Case tracking – updated every 10 minutes
  • Dynamic form filling
  • Upload proofs to TMW Online using our document upload facility.

Supporting you and your clients

TMW has a network of field and telephone based Business Development Managers covering the UK along with telephone based, regional Business Development Advisers committed to meeting your business needs.


Contact us

Broker Chat is an online instant messaging service open until 5pm, Monday to Friday. It is a quick and convenient way to speak to one of our experienced advisers. You can get guidance with any of the following:

  • Lending criteria
  • Products
  • Procuration fees
  • Registrations
  • Technical support.

Broker Chat also gives you the ability to save a record of your online conversation.