The Mortgage Works
BankThe Mortgage Works (TMW) is Nationwide Building Society's intermediary-only buy-to-let lending brand, offering competitive buy-to-let products for individual and portfolio landlords through mortgage brokers.
About The Mortgage Works
The Mortgage Works (TMW) was established in 1991 and is the intermediary-only buy-to-let lending brand of Nationwide Building Society, the UK's largest building society. TMW was originally a standalone mortgage lender before being acquired by Nationwide, and it now operates exclusively as a buy-to-let specialist within the Nationwide Group.
TMW offers a comprehensive range of buy-to-let mortgage products for individual landlords and portfolio investors. The brand benefits from Nationwide's financial strength, mutual values, and robust funding base. TMW products include fixed-rate, tracker, and variable-rate options, with lending available on standard buy-to-let properties, HMOs, and limited company purchases.
The Mortgage Works is one of the largest buy-to-let intermediary lenders in the UK market. The brand has built strong broker relationships and is known for competitive pricing, consistent criteria, and efficient service. TMW products are available through mortgage brokers across the UK and are not available directly to consumers.
Lending Focus
The Mortgage Works offers mortgage products across 4 categories including Buy-to-Let, Limited Company, HMO and 1 more.
Key Features
- Backed by Nationwide Building Society — the UK's largest building society
- HMO, holiday let, and limited company buy-to-let products
- Portfolio landlord lending for larger property investors
- Competitive rates from a major buy-to-let intermediary lender
- Top slicing considered for borderline rental coverage cases
Pros & Cons
Pros
- Financial strength and stability of Nationwide Building Society backing
- Broad BTL product range including HMO, holiday let, and limited company
- Portfolio landlord products for experienced investors
- Competitive rates and efficient intermediary service
Cons
- –Buy-to-let only — no residential mortgage products
- –Only available through mortgage brokers
- –Maximum LTV of 80% requires a 20% minimum deposit
Fees & Charges
- Arrangement Fee
- Varies by product; typically £999 or fee-free options
- Valuation Fee
- Free on most products
- Early Repayment Charge
- 1–5% during the initial deal period
- Overpayment Allowance
- Up to 10% per year without charge
Mortgage Rates
Rate data coming soon. View rates on The Mortgage Works
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 1–3 weeks
- Online DIP
- Yes — available online
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 80%
Frequently Asked Questions
Is The Mortgage Works part of Nationwide?
Yes, The Mortgage Works (TMW) is the intermediary-only buy-to-let lending brand of Nationwide Building Society. It operates separately from Nationwide's direct mortgage products.
Can I apply for a TMW mortgage directly?
No, The Mortgage Works is intermediary-only. You must apply through a mortgage broker to access TMW buy-to-let products.
Does TMW offer limited company buy-to-let mortgages?
Yes, TMW offers buy-to-let mortgages through limited companies (SPVs), enabling tax-efficient borrowing structures for landlords.
Does TMW lend on holiday let properties?
Yes, The Mortgage Works offers mortgage products for holiday let properties, subject to meeting the property and lending criteria.
How to Apply
Broker only. The Mortgage Works products are available through mortgage brokers. Find a broker with The Mortgage Works on their panel.
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Keystone Property Finance | Buy-to-Let, Limited Company, HMO+1 | Specialist | 80% |
| BM Solutions | Buy-to-Let, Limited Company, HMO | Bank | 80% |
| Fleet Mortgages | Buy-to-Let, Limited Company, HMO+1 | Specialist | 80% |
| West One Loans | Buy-to-Let, Bridging, Development+3 | Specialist | 80% |
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