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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.

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	0.54%	0.49%

Proc fees - when your proc fee will be paid

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

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.