Best The Mortgage Works deals
Whether you're an independent advisor, an existing customer or a first-time landlord, compare the best mortgage interest rates from The Mortgage Works with our comparison tool below. To see what rate you could be offered, create a free Tembo recommendation.
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Get a Mortgage In Principle
When you create a Tembo recommendation, you'll get a free, downloadable Mortgage In Principle for each of the schemes you could qualify for.
Already have a mortgage with The Mortgage Works?
Create your own free, personalised recommendation to see the best way for you to remortgage, including if you should stay with The Mortgage Works or change to another provider.
What type of mortgages does The Mortgage Works offer?
The Mortgage Works is a specialist mortgage lender for Buy to Let mortgages, and are part of Nationwide Building Society. They offer a range of products to suit different types of landlords, from portfolio landlords to newbies. As part of their steps to go greener, The Mortgage Works also allows landlords to borrow more to cover energy-efficient home improvements.
As with any provider, whether The Mortgage Works is the best mortgage lender for you depends on your affordability and unique circumstances, what mortgage products you're eligible for, and what the market is currently like. An expert mortgage broker like Tembo can help you navigate these factors to ensure you get the best mortgage deal for you.
Looking to help a customer? Refer your case to Tembo today
How much could I borrow from The Mortgage Works?
The Mortgage Works offers a range of Buy to Let products with different eligibility criteria, including limited company mortgage options. While they don't have a minimum personal income requirement, they do have a minimum deposit requirement of 20% of the purchase price (or 25% if the property has an EPC of D or E).
By creating a free Tembo recommendation, you can see what you could be offered for a mortgage by The Mortgage Works and other providers without applying.
Can I make overpayments on a The Mortgage Works mortgage?
Yes, you can make overpayments on a mortgage with The Mortgage Works, but restrictions may apply. Paying anything above the allotted amount for your mortgage product could see you being hit by an Early Repayment Charge (ERC).
If you're a landlord, The Mortgage Works is a good choice - when it comes to Buy to Let mortgages, it's their speciality. But whether they are the right lender for you depends on your personal circumstances and affordability.
Andy Shead
Senior Mortgage Advisor at Tembo
Are The Mortgage Works a good lender?
The Mortgage Works is a specialist Buy to Let lender, and have been chosen by over 330,000 landlords across their 30-year history. They are award-winning, having picked up the Best Buy to Let Mortgage Lender award at the Your Mortgage Awards in 2023, priding themselves on their "commitment to landlords and a better private rental sector". They are also rated highly on Trustpilot, with 4.2 out of 5 stars from almost 700 reviews.
Looking for a new mortgage?
Top slicing
If you have a Buy to Let property and are struggling to cover the repayments with the rental income alone, top slicing could be the answer. Instead of your affordability being based on rental yield alone, a lender will use your personal income as a ‘top-up’.
Standard Buy to Let
A traditional Buy to Let mortgage, where you'll purchase a new investment property to let out to tenants. Choose between an interest-only or repayment set up.
Family Buy to Let
Take out a mortgage on a property to rent out to family members like your children, parents or grandparents. With this type of Buy to Let, you can live in the property alongside your loved one.
Let to Buy
Buy a new home to live in, then switch the residential mortgage on your current home to a Buy to Let to let it out to tenants. Ideal for those who are starting out as a landlord, or want to move to a new property but keep their old home.
Tried, tested & trusted by thousands
Our expert team has been trusted by thousands to make home happen.
The application process
4 simple steps to buying your first home or remortgaging
Make a Tembo plan
Check your eligibility for a range of mortgages and buying schemes, and get a personalised recommendation with interest rates and repayments in under 10-minutes.
Talk to an expert
Book a call with our experts to complete the qualification process, and we’ll cover off any questions you might have about any of the mortgage deals and budget-boosting schemes we advise on.
Apply for your new deal
Next, your dedicated advisor will undertake full affordability checks to prepare the mortgage application. Then we’ll submit it on your behalf!
Make home happen
Your Tembo advisor will be on hand to ensure everything runs smoothly, so you can move onto your new deal as quickly as possible.
