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The Mortgage Works Buy to let mortgage Offers

The Mortgage Works Buy to let mortgage Offers

The Mortgage Works - Buy to Let Mortgage

 

The Mortgage Works only offer their mortgages through Mortgage Brokers - such as Mortgages Direct

If you are interested in a mortgage with The Mortgage Works please complete our
Enquiry form

We do not charge you any broker fees. You just pay the normal lender fees

 

The Mortgage Works (TMW) is a subsidiary of Nationwide Building Society.

With over 20 years experience in the mortgage market, TMW has developed a range of innovative products and is renowned for its trademark common sense approach to mortgages.


Purchase or remortgage in England, Wales and mainland Scotland

Not available to First Time Buyers unless a joint application with a homeowner

There is no minimum personal income requirement; however if the loan exceeds 4.25x of the applicant's personal income (single or joint), then the application will be considered on a case by case basis.

The gross rental income, confirmed by the valuer, must cover at least 125% (150% HMO) of the monthly mortgage payment and will be calculated using the following rates:

  • Fixed rates: Product pay rate or stress rate, whichever is higher
  • Tracker/variable rates: Product pay rate + 0.50% or stress rate, whichever is higher
The stress rate will depend upon the loan to value (LTV)

Up to 65% LTV, stress rate of 4.99%

Up to 75% LTV, stress rate of 5.49%

Up to 80% LTV, stress rate of 5.99%

If 5 or 10 year fixed rate, stress rate of 4.99%


The Mortgage Works Lending Criteria
 
Some examples of buy to let mortgages from The Mortgage Works


The Mortgage Works 2 year fix at 2.39% (remortgage)

Typical APRC 4.35%
Borrowing up to 65% of value
2145 Lenders fee

Free Survey and Free legal fees for remortgages



 
The Mortgage Works 2 year fix at 2.89% (remortgage)

Typical APRC 4.86%
Borrowing up to 75% of value
2145 Lenders fee

Free Survey and Free legal fees for remortgages

Check out The Mortgage Works website for current deals - remember we don't charge you any fees for arranging a mortgage