25 Apr 2024

The Mortgage Works Widens Choice For Limited Company Landlords

From today The Mortgage Works (TMW) will be changing its mortgage criteria for incorporated landlords.  

It will accept Limited Company purchase applications to use as a buy to let where the company is purchasing a property that is currently owned and lived in by one of its directors. 

This is similar to let-to-buy transactions for standard buy-to-let cases. The Mortgage Works’ existing Limited Company product range will be available to these applications.  

More information on The Mortgage Works Limited Company criteria can be found here

Joe Avarne, Senior Manager, Buy-to-Let Mortgages at The Mortgage Works, said: “The Mortgage Works has been supporting the limited company buy-to-let market since 2018 and, as one of the largest buy-to-let providers in the market, we remain committed to supporting all types of landlords. This latest change is another example where we are responding to feedback we’ve had from landlords and brokers alike. We are always looking at ways to improve our offering for limited companies and are pleased we’ve been able to make this change.” 

Tony Field, Sales and Operations Director, at Dynamo said: “It’s great to see TMW looking to evolve their Limited Company proposition by allowing customers to purchase their residential home within a Limited Company structure for use as a buy to let. This could offer a route to enter the buy-to-let market for the first time or indeed allow landlords to expand their portfolio.” 


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Notes to editors

Notes to Editors:

About The Mortgage Works:  

The Mortgage Works is the second largest buy to let lender in the UK with assets of £42.4bn, providing landlords with finance for their rental properties. The award winning business supports over 330,000 landlords, via c.700 dedicated team members, primarily based in Bournemouth.  

  Owned by Nationwide Building Society, The Mortgage Works is regarded as their specialist lender and has been supporting landlords since 1988. The Mortgage Works is on a mission to be a force for good in pursuit of shaping the UK rental market for the better, by championing landlords through everyday support and tirelessly advocating on their behalf.  


Award win: 'Best buy to let lender' at Your Mortgage Awards 2023.