Latest news

NEW Buy to Let Barometer

Following on from our recently shared Regional Snapshot report, we reveal the next in our series of quarterly reports with further insight taken from the latest Landlord Panel research.

Q2 2019 Landlords Panel Regional Snapshot

The latest results from BVA BDRC's Landlord Panel research are here and we're pleased to be able to share the very first of our quarterly reports.

End dates extension

From Wednesday 31 July, we'll be extending the end dates across all Existing Customer Switcher products.

Chatting with Richard Kirchel, winner of Best TBDM at the British Mortgage Awards 2019

Get to know this year's winner and what he thinks makes a successful telephone BDM.

Selected 2 and 5 year rate reductions

From Thursday 11 July, we're reducing selected New Business 2 and 5 year rates by up to 0.30%.

A new range of 50% LTV products, and more...

From Thursday 4 July, we're introducing a new range of 50% LTV products and reducing selected 2 and 5 year rates by up to 0.60%.

Get to know...Gareth Thomas

Get to know Gareth Thomas, The Mortgage Works' Marketing Communications manager and learn about the TMW story; past, present and future.

Regional Snapshot Report

This quarter, we're pleased to share key insights taken from the BVA BDRC Q1 2019 Landlord Panel research through a series of new regional reports.

Our latest Tenant Demand Report

Following on from our recently shared Rental Income Analysis Report, we share further content also taken from BVA BDRC's latest Landlord Panel research.

Easier. Better. Smoother. Fresher.

Over the last 12 months, we've worked to improve the choice and support we offer you and your clients. As we work to bring even more improvements your way, we hope you'll show your support by voting for TMW in this year's Financial Adviser Service Awards.

Rate changes and product updates

From Tuesday 11 June, we're making changes to our Limited Company product range. Plus, we're making changes to selected New Business and Existing Customer Buy to Let products.

Latest BVA BDRC Landlord Panel results

Each quarter, we showcase the latest results and trends from BVA BDRC's Landlord Panel research through a selection of reports.

End dates extensions

From Friday 31 May, we'll be extending the end dates across all Existing Customer Switcher products.

Buy to Let Barometer Q1 2019

Each quarter, we showcase the latest results and trends from BVA BDRC's Landlord Panel research through a selection of reports.

New Business rate reductions and updates to our product range

From Wednesday 1 May, we're making changes to our product range. Plus, we're extending the end dates across all New Business Products.

New £0 fee range and selected rate changes

From Thursday 11 April, we'll be making changes to our New Business product ranges.

Improvements we've made to better support you

Andy Dean, Head of Intermediary Support and New Build, shares some of the recent improvements we've made to ensure we're better placed to support you and your clients.

Changes to our Switcher Range

We're just letting you know that from Thursday 28 March, we'll be making some changes across all Existing Customer Switcher products.

5 time-saving tips for portfolio applications

We understand that submitting a portfolio application is more complex, as it requires you to key more information and has to be packaged differently to a regular BTL application.

Selected rate changes

From Saturday 2 March, we'll be making changes to our New Business product range.

Download our new Tenant Demand Report

Our Q4 2018 Tenant Demand Report follows on from our recently shared Rental Income Analysis, with content also taken from BVA BDRC's latest Landlord Panel research.

Download our new Rental Income Analysis report

Our Q4 2018 Rental Income Analysis report follows on from the recently shared Buy to Let Barometer, with content also taken from BVA BDRC's latest Landlord Panel research.

Get to know...Richard Thorne

Get to know…Richard Thorne, our Liaison Manager for Intermediary Relationships. Richard works with many different departments within TMW to produce the best possible outcomes for our brokers.

Buy to Let Barometer Q4 2018

What percentage of landlords are looking to buy or sell property and how do they plan to fund their next purchase? How confident are landlords feeling about their prospects for their own lettings business?

Welcome to our new website

We have an enduring commitment to helping you help your clients. We know that an easy to use, reliable website that allows you to access key information whilst being useable on any device is a huge part of achieving this.

Selected rate changes

From Saturday 2 February, we'll be making changes to our New Business and Existing Customer product ranges.

End dates extension and policy change

We're just letting you know that from Monday 28 January, we'll be extending the end dates on Existing Customer Switcher products.

Selected rate changes

From Friday 11 January, we'll be increasing selected fixed rates across our New Business and Existing Customer product ranges.

Introducing Karina Morrow

Introducing Karina Morrow, our latest BDM to join the team.

TMW’s lookback at 2018

TMW would like to say a big thank you to all our brokers for your support in 2018. We thought this would be the perfect time to look back at TMW’s key highlights over the past 12 months.

Get to know...Gerry Leonard

Get to know…Gerry Leonard, one of our dedicated Corporate Relationship Managers and find out how she supports Sesame Bankhall Group, OpenWork, Intrinsic, MCI Club and Mortgage Force.

End date extensions

We're just letting you know from Thursday 20 December, we'll be extending the end dates across all New Business products.

Application tips straight from our BDMs

Time is precious, and the last thing it should be wasted on is a delayed application. We reached out to our BDMs to come up with their best time saving application tips, which we’re now passing onto you.

Simplifying deposit proofs

We're pleased to announce that from Thursday 6 December, we've made it easier to do business by reducing the number of proofs required for evidence of deposit.

Policy and product changes

From Thursday 6 December, we'll be changing selected Buy to Let rental stress rates. Plus, we're introducing two new 10 year fixed products available up to 65% LTV, with the option of either 5 or 10 year ERCs.

End date extensions

From Monday 3 December, we'll be extending the end dates across all Existing Customer Switcher products.

Buy to Let Barometer

Our Q3 Buy to Let Barometer showcases the latest results from BVA BDRC's Landlord Panel research.

Thank you for your continued support

Thanks to your support, this year we've been awarded 5 Stars in the Financial Adviser Service Awards.

Our top 5 most popular guides

Did you know TMW have a range of guides on our website designed to help you deliver great service and client experience?

Introducing Sarah Donaldson

Introducing Sarah Donaldson, our latest BDM to join the team.

End date extensions

From Friday 2 November, we'll be extending the end dates across all New Business products.

Broker Support Profile: Robb Livermore, Technical Support Team Manager

Get to know Robb Livermore, who's been an integral part of TMW's Technical Support team.

Reduced rates and product updates

From Friday 19 October, we'll be reducing selected rates by 0.10% and introducing new products, including a range of 5 year further advance products. Also, we're pleased to announce new £1,000 cashback options.

New and improved Limited Company application form

We've made a few improvements to our Limited Company Buy to Let application form to make it easier for you to submit business.

Waiting around for a case update?

TMW Online is the easiest way to track your case. And with it being updated every 10 minutes, it's a great way to get the most up-to-date information, including outstanding requirements and case notes.

New Business rate changes and updates to our product range

From tomorrow, Thursday 27 September, we'll be reducing selected 2 and 5 year rates by up to 0.65% and making updates to our product range.

Broker Support Profile: Debbie Lees, Regional Manager

Get to know Debbie Lees, who's been an integral part of TMW's Intermediary Relationships team for 10 years.

Changes to HMO licensing

Extension of HMO licensing officially comes into play from 1 October 2018, meaning key changes for HMO Landlords.

Calculate your client's maximum further borrowing

If your client already has a Buy to Let mortgage with The Mortgage Works and wants to borrow more, they could borrow up to 80% of the value of their property*.

Download our new Rental Income Analysis Report

Did you know that according to the latest results from BDRC Continental's Landlord Panel survey, mortgaged BTL landlords generate an annual gross rental income which is significantly higher than that of unencumbered landlords (£72k vs £48k)?

End dates extension

We're just letting you know that from tomorrow, Thursday 30 August, we'll be extending the end dates across all New Business products.

Our new Tenant Demand Report

Our Q2 2018 Tenant Demand Report follows on from the recently shared Buy to Let Barometer, with content also taken from BDRC Continental's latest Landlord Panel research.

Broker Support Profile: Andrew Barnsley, Business Development Manager

Get to know Andrew Barnsley, one of our long-standing BDMs who has been with us for over 10 years.

Buy to Let Barometer

Our Q2 Buy to Let Barometer showcases the latest results from BDRC Continental's Landlord Panel research.

Changes to selected variable rate mortgages

The Bank of England announced an increase to the base rate on Thursday 2 August to 0.75%. Please find the effect of this increase on The Mortgage Works' mortgage rates.

Bank of England raises interest rates to 0.75%

Today, Thursday 2 August, the Bank of England has announced an increase to the base rate from 0.50% to 0.75%.

A closer look at Landlords Purchase Strategies

Did you know that 15% of landlords' plan to purchase property in the next year, edging up from the all-time low of 12% at the end of 2017?

Broker Support Profile: Simon Cradock, Corporate Relationship Manager

Simon has been a Corporate Relationship Manager for two and a half years, and a Business Development Manager for twelve years before that.

Simon provides insight into the role of a Corporate Relationship Manager and tells us how he helps support mortgage clubs and networks.

Broker support profile: Darren Cunliffe, BDM

Darren has been a BDM for the last three years and has worked in financial services for 25 years, most of the time as a broker.

Darren provildes insight into the role of a BDM at The Mortgage Works and tells us how he helps support you and your clients' applications.

Introducing our Limited Company product range

Continuing our mission to make even more improvements for you and your clients, we're pleased to announce our return to the Limited Company market.

Rate changes and product updates

From tomorrow, Thursday 28 June, we'll be reducing selected 5 year fixed rates by up to 0.50% and introducing a new dedicated range of Further Advance products with an extended offer validity period of 6 months.

Broker support profile: Adam Green, Broker Chat adviser

Adam started working for Nationwide Building Society in 2015 and has worked in our registration and procuration fee team, a variety of Dedicated Broker Support roles, and for the last year has been a Broker Chat adviser.

Adam provides insight into the role of a Broker Chat adviser and tells us how he helps support you and your client's applications.

Maximum age policy

You may have heard recently that we've improved our maximum age policy for Experienced Landlord applications. And it's true, we've completely removed maximum age limits for Experienced Landlord applications up to 65% LTV.

Broker support profile: Tracey Copeland, BDM

Tracey has worked for The Nationwide Group for over 20 years, the last 10 years as BDM.

Tracey provides insight into the role of a BDM at The Mortgage Works and tells us how she helps support you and your client's applications.

Building a better world of Buy to Let

We've always stood by our commitment to brokers and landlords, putting you at the very core of everything we do. Here's a reminder of some of the stellar improvements we've recently made, along our journey to Destination TMW.

End dates extension

We're just letting you know that from tomorrow, Wednesday 6 June, we'll be extending the end dates across all Existing Customer switcher products.

New 2 year fixed rates at 50% LTV, starting at 1.49%

From tomorrow, Thursday 31 May, we'll be introducing new 2 year fixed rates at 50% LTV. We'll also be reducing current 2 year fixed rates at 50% LTV by 0.10%.

7 time-saving tips to help get your clients a faster offer

We know it can be frustrating when your client's application is delayed, which is why knowing a few ways to help speed up your case can prove invaluable. So, we've listed our 7 must know tips that could help save you and your clients time when you submit your next application.

Selected tracker rate reductions and a new 10 year fixed rate

From Thursday 24 May, we'll be reducing selected 2 year tracker rates by up to 0.45%. And we'll be introducing a 10 year fixed rate at 3.49% with free standard valuation and £250 cashback.

Increased procuration fees and dedicated product range for larger portfolio clients

We're pleased to confirm that from tomorrow, Thursday 17 May, we're increasing our procuration fees for larger portfolio applications and to support this will be introducing a dedicated range of products.

Download our Buy to Let Barometer

Our Q1 Buy to Let Barometer showcases the latest results from BDRC Continental's Landlord Panel research.

Extending the Offer Validity period for remortgage applications

From tomorrow, Friday 27 April, we'll be extending the Offer Validity period for remortgage applications from 3 to 6 months. This supports your clients applying for a remortgage and onward purchase at the same time, as both product ranges now have the same Offer Validity period.

End dates extension

We're just letting you know that from Wednesday 25 April, we'll be extending the end dates across all New Business products.

No max age for Experienced Landlords up to 65% LTV

It's our mission to continually make improvements for you and your clients, which is why from Wednesday 18 April, we're removing maximum age limits for experienced landlord applications up to 65% LTV.

Energy Efficiency Regulations are coming

From 1 April, new Energy Efficiency Regulations will establish a minimum standard of energy efficiency for private rented property. This means landlords must ensure their properties have an Energy Performance Certificate (EPC) rating of 'E' or higher before granting a new tenancy to new or existing tenants.

End dates extension

We're just letting you know that from Wednesday 28 March, we'll be extending the end dates across all existing customer switcher products.

Reintroducing 80% LTV fixed rate product

From tomorrow, Thursday 22 March, we're reintroducing new 2 and 5 year fixed rate products at 80% LTV, with rates starting from 2.99%.

It's simple to switch your client's mortgage online

If your client's already a TMW customer, and they're eligible to switch using our Online Mortgage Switcher (OMS) service, you can login to TMW Online to compare their current mortgage account with our latest offers, shortlist the mortgages they're interested in and compare rates, features and monthly payments or switch their deal online in a matter of minutes.

Rental Income Analysis report

Did you know that according to the latest results from BDRC Continental's Landlord Panel survey, the average gross rental income earned in the last 12 months is £58,000, down by £1,000 since Q3?

Rate changes and end dates extension

Further to our email yesterday, we can now confirm that from tomorrow, Thursday 1 March, we'll be increasing selected 2 and 5 year fixed rate products by 0.05%.

We'll also be extending the end dates across all New Business products.

Our latest Tenant Demand Report

Our Q4 2017 Tenant Demand Report follows on from the recently shared Buy to Let Barometer, with content also taken from BDRC Continental's latest Landlord Panel research.

New products and selected rate changes

From Wednesday 14 February, we'll be reducing selected 5 year fixed rates at 50% LTV by 0.15%. And we're introducing 50% LTV, 2 and 5 year fixed rate products, including our lowest ever 5 year fixed rate at 1.99%

Submitting proofs just got simpler

To save you time and to help make submitting proofs easier, from today you no longer need to confirm that you've seen the original documents. This change applies to all documents except for those being used for ID and/or address verification.

Download our Buy to Let Barometer

Our Q4 Buy to Let Barometer showcases the latest results from BDRC Continental's Landlord Panel research.

Take five to stop fraud

Every year, serious and organised crime costs the UK economy an estimated £24 billion. In the UK, fraud is the most prevalent crime, with an estimated 1.7 million incidents of fraud in 2016, and UK card fraud losses of an estimated £768 million (Financial Fraud Action UK).

End dates extension

We're just letting you know that from Tuesday 9 January, we'll be extending the end dates across all New Business and existing customer products.