The Mortgage Works - Existing Customer BTL Rates 55% LTV
- All
- 2 Years
- 5 years
Type
|
Rate
|
Until
|
Product Fee
|
|
|---|---|---|---|---|
| 2 years Fixed | 2.78% | 31 Dec 27 | 3% | Apply |
| 5 years Fixed | 3.67% | 31 Dec 30 | 3% | Apply |
| 2 years Fixed | 3.74% | 31 Dec 27 | £3,995 | Apply |
| 2 years Fixed | 3.99% | 31 Dec 27 | £1,495 | Apply |
| 5 years Fixed | 4.09% | 31 Dec 30 | £3,995 | Apply |
| 5 years Fixed | 4.12% | 31 Dec 30 | £1,495 | Apply |
| 5 years Fixed | 4.30% | 31 Dec 30 | 0 | Apply |
| 2 years Fixed | 4.49% | 31 Dec 27 | 0 | Apply |
The Mortgage Works - Existing Customer BTL Rates 55% LTV at October 6, 2025
The Mortgage Works - Existing Customer BTL Rates 65% LTV
- All
- 2 Years
- 3 Years
- 5 years
| Type
|
Rate
|
Until
|
Product Fee
|
|
|---|---|---|---|---|
| 2 years Fixed | 2.78% | 31 Dec 27 | 3% | Apply |
| 3 years Fixed | 3.29% | 31 Dec 28 | 3% | Apply |
| 5 years Fixed | 3.67% | 31 Dec 30 | 3% | Apply |
| 2 years Fixed | 3.74% | 31 Dec 27 | £3,995 | Apply |
| 2 years Fixed | 3.99% | 31 Dec 27 | £1,495 | Apply |
| 3 years Fixed | 3.99% | 31 Dec 28 | £1,495 | Apply |
| 5 years Fixed | 4.09% | 31 Dec 30 | £3,995 | Apply |
| 5 years Fixed | 4.12% | 31 Dec 30 | £1,495 | Apply |
| 5 years Fixed | 4.30% | 31 Dec 30 | 0 | Apply |
| 2 years Fixed | 4.49% | 31 Dec 27 | 0 | Apply |
| 3 years Fixed | 4.54% | 31 Dec 28 | 0 | Apply |
The Mortgage Works - Existing Customer BTL Rates 65% LTV at October 6, 2025
| Type
|
Rate
|
Until
|
Product Fee
|
|
|---|---|---|---|---|
| 2 years Fixed | 2.78% | 31 Dec 27 | 3% | Apply |
| 2 years Fixed | 3.74% | 31 Dec 27 | £3,995 | Apply |
| 2 years Fixed | 3.99% | 31 Dec 27 | £1,495 | Apply |
| 2 years Fixed | 4.49% | 31 Dec 27 | 0 | Apply |
The Mortgage Works - Existing Customer BTL Rates 65% LTV at October 6, 2025
The Mortgage Works - Existing Customer BTL Rates 75% LTV
- All
- 2 Years
- 3 Years
- 5 years
| Type
|
Rate
|
Until
|
Product Fee
|
|
|---|---|---|---|---|
| 2 years Fixed | 2.98% | 31 Dec 27 | 3% | Apply |
| 3 years Fixed | 3.54% | 31 Dec 28 | 3% | Apply |
| 5 years Fixed | 3.76% | 31 Dec 30 | 3% | Apply |
| 2 years Fixed | 3.89% | 31 Dec 27 | £3,995 | Apply |
| 5 years Fixed | 4.14% | 31 Dec 30 | £3,995 | Apply |
| 3 years Fixed | 4.19% | 31 Dec 28 | £1,495 | Apply |
| 2 years Fixed | 4.19% | 31 Dec 27 | £1,495 | Apply |
| 5 years Fixed | 4.21% | 31 Dec 30 | £1,495 | Apply |
| 5 years Fixed | 4.49% | 31 Dec 30 | 0 | Apply |
| 2 years Fixed | 4.59% | 31 Dec 27 | 0 | Apply |
| 3 years Fixed | 4.62% | 31 Dec 28 | 0 | Apply |
The Mortgage Works - Existing Customer BTL Rates 75% LTV at October 6, 2025
| Type
|
Rate
|
Until
|
Product Fee
|
|
|---|---|---|---|---|
| 2 years Fixed | 2.98% | 31 Dec 27 | 3% | Apply |
| 2 years Fixed | 3.89% | 31 Dec 27 | £3,995 | Apply |
| 2 years Fixed | 4.19% | 31 Dec 27 | £1,495 | Apply |
| 2 years Fixed | 4.59% | 31 Dec 27 | 0 | Apply |
The Mortgage Works - Existing Customer BTL Rates 75% LTV at October 6, 2025
The Mortgage Works - Existing Customer LTD Co BTL Rates 75% LTV
- All
- 2 Years
- 5 years
| Type
|
Rate
|
Until
|
Product Fee
|
|
|---|---|---|---|---|
| 2 years Fixed | 3.94% | 31 Dec 27 | 3% | Apply |
| 5 years Fixed | 4.54% | 31 Dec 30 | 3% | Apply |
| 2 years Fixed | 4.69% | 31 Dec 27 | £3,995 | Apply |
| 5 years Fixed | 4.79% | 31 Dec 30 | £3,995 | Apply |
| 5 years Fixed | 4.94% | 31 Dec 30 | £1,495 | Apply |
| 2 years Fixed | 5.04% | 31 Dec 27 | £1,495 | Apply |
| 5 years Fixed | 5.09% | 31 Dec 30 | 0 | Apply |
| 2 years Fixed | 5.54% | 31 Dec 27 | 0 | Apply |
The Mortgage Works - Existing Customer LTD Co BTL Rates 75% LTV at October 6, 2025
The Mortgage Works - Existing Customer Large Portfolio BTL Rates 75% LTV
- All
- 2 Years
- 5 years
| Type
|
Rate
|
Until
|
Product Fee
|
|
|---|---|---|---|---|
| 2 years Fixed | 3.44% | 31 Dec 27 | 3% | Apply |
| 5 years Fixed | 3.99% | 31 Dec 30 | 3% | Apply |
| 2 years Fixed | 4.44% | 31 Dec 27 | £1,495 | Apply |
| 5 years Fixed | 4.44% | 31 Dec 30 | £1,495 | Apply |
| 5 years Fixed | 4.84% | 31 Dec 30 | 0 | Apply |
| 2 years Fixed | 5.19% | 31 Dec 27 | 0 | Apply |
The Mortgage Works - Existing Customer Large Portfolio BTL Rates 75% LTV at October 6, 2025
- FREE email alerts
- Upcoming rate changes
- The best mortgage rate
- Protection against rate rises
- No obligation
The Mortgage Works - Existing Customer BTL Rates 80% LTV
- All
- 2 Years
- 5 years
| Type
|
Rate
|
Until
|
Product Fee
|
|
|---|---|---|---|---|
| 2 years Fixed | 4.49% | 31 Dec 27 | 2% | Apply |
| 5 years Fixed | 4.99% | 31 Dec 30 | 2% | Apply |
| 5 years Fixed | 5.29% | 31 Dec 30 | 0 | Apply |
| 2 years Fixed | 5.59% | 31 Dec 27 | 0 | Apply |
The Mortgage Works - Existing Customer BTL Rates 80% LTV at October 6, 2025
The Mortgage Works - Existing Customer LTD Co BTL Rates 80% LTV
- All
- 2 Years
- 5 years
| Type
|
Rate
|
Until
|
Product Fee
|
|
|---|---|---|---|---|
| 5 years Fixed | 5.44% | 31 Dec 30 | 2% | Apply |
| 2 years Fixed | 5.49% | 31 Dec 27 | 2% | Apply |
| 5 years Fixed | 5.84% | 31 Dec 30 | 0 | Apply |
| 2 years Fixed | 6.14% | 31 Dec 27 | 0 | Apply |
The Mortgage Works - Existing Customer LTD Co BTL Rates 80% LTV at October 6, 2025
The Mortgage Works - Existing Customer Large Portfolio BTL Rates 80% LTV
- All
- 2 Years
- 5 years
| Type
|
Rate
|
Until
|
Product Fee
|
|
|---|---|---|---|---|
| 2 years Fixed | 4.99% | 31 Dec 27 | 2% | Apply |
| 5 years Fixed | 4.99% | 31 Dec 30 | 2% | Apply |
| 5 years Fixed | 5.39% | 31 Dec 30 | 0 | Apply |
| 2 years Fixed | 5.99% | 31 Dec 27 | 0 | Apply |
The Mortgage Works - Existing Customer Large Portfolio BTL Rates 80% LTV at October 6, 2025
Get off of 8.74% standard variable rate
The Mortgage Works standard variable rate is now 8.49% (at 75% LTV), take action now to get off of this rate.
The Mortgage Works Buy to Let borrowers can switch rates online with us
TMW Buy to Let existing customers – product switching with our simple online service
We provide buy-to-let mortgage advice for TMW borrowers wishing to switch rates:
- without meetings
- without paperwork
- without fuss
- without broker fees
We can secure an excellent range of TMW BTL mortgage rates for you including:
When can I switch my mortgage rate with The Mortgage Works?
TMW have a 13 week window leading into a mortgage rate switch
| Your switch window is | To start a new rate on |
| 1 May 2025 – 27 July 2025 | 1st August 2025 |
| 1 June 2025 – 27 August 2025 | 1st September 2025 |
| 1 July 2025 – 26 September 2025 | 1st October 2025 |
| 1 August 2025 – 27 October 2025 | 1st November 2025 |
| 31 August 2025 – 26 November 2025 | 1st December 2025 |
| 1 October 2025 – 27 December 2025 | 1 January 2026 |
| 1 November 2025 – 27 January 2026 | 1 February 2026 |
| 1 December 2025 – 22 February 2026 | 1 March 2026 |
| 1 January 2026 – 27 March 2026 | 1 April 2026 |
About The Mortgage Works – TMW
The Mortgage Works are owned by Nationwide Building Society and are second only to the Lloyds Banking Group in terms of buy-to-let mortgage market share in the UK.
Why do The Mortgage Works perform so strongly in the buy-to-let arena?
Primarily, mortgage interest rate. The Mortgage Works price very competitively and this makes them a prime source for landlords.
There are also some factors in mortgage underwriting criteria used by The Mortgage Works that attract business, we set out some of these below.
TMW Early Repayment Charges
| Product | Early Repayment Charges |
| 2 Year Tracker | 0.75% to 31/08/26 |
| 0.50% to 31/08/27 | |
| 2 Year Fixed | 3% to 31/08/26 |
| 2% to 31/08/27 | |
| 3 Year Fixed | 4% to 31/08/26 |
| 3% to 31/08/27 | |
| 2% to 31/08/28 | |
| 5 year Fixed | 5% to 31/08/26 |
| 4% to 31/08/27 | |
| 3% to 31/08/28 | |
| 2% to 31/08/29 | |
| 1% to 31/08/30 |
Corporate Lets
Corporate lets can be accepted where tenancy holders are larger companies
The Mortgage Works – underwriting advantages
Age at application
For experienced landlords at under 65% loan to value, The Mortgage Works has no maximum age for application.
Maximum and Minimum Borrowing
Maximum lending and loan-to-value is generous at up to 80% loan-to-value at a maximum of £350,000 borrowing, rising to 50% loan-to-value at £1,500,000.
The Mortgage Works have a minimum property value of £50,000 and a minimum mortgage level of £25,001. These figures are favourable for those who invest in the North where some other lenders will not consider the properties.
Mortgage offer term
TMW mortgage offers are valid for six months and borrowers can apply for a two-week extension further to this. The Mortgage Works borrowers should be aware that they cannot apply for an extension once an offer has expired.
Overpayments
The Mortgage Works will allow you to make a lump sum or regular overpayment up to 10% of the initial balance over each 12-month period following completion. If you keep within these limits you will not pay an early redemption charge.
Porting
The Mortgage Works does allow porting on buy-to-let mortgages where a sale of the original property and purchase of the new property is completed on the same day. This is useful when a landlord wishes to avoid paying an early redemption penalty. Please remember that porting is available for the product, not the mortgage, so the new mortgage does have to be fully underwritten.
Tenancy Agreements
The Mortgage Works will require an assured shorthold tenancy agreement on each property (or short assured tenancy and private residential tenancy in Scotland). They will also lend on HMOs under multiple tenancy agreements.
Evidence of rental payments including copies of rental agreements may be requested to support applications.
The Mortgage Works – underwriting reasons for caution
Family Tenants
The Mortgage Works, as is common with most buy-to-let lenders, will not lend if a family member will be renting or residing in the property.
Where properties are purchased under a private sale the lender will be interested in any relationship between the borrower and the vendor, and if the purchase price is at full market value. The Mortgage Works are not interested in purchases more than 10% below the market value unless sold by a recognised developer.
Lending Limits
Lending on let to buy properties is limited to £500,000 at 70% loan to value or £350,000 at 80% loan to value.
TMW limit the lending on HMO properties to £500,000 at 75% loan to value or £750,000 at 65% loan to value.
Lender Exposure
As with all lenders, there will be a concern where there is excessive exposure on lending within the Group. This can be particularly tight at higher loan to values, and you should speak to your broker.
TMW and Let to Buy
The Mortgage Works will only accept remortgages after the property has been owned and let for a minimum of six months. This does not make them a suitable home for let-to-buy lending, nor remortgage following purchase and refurbishment.
Premium Leases
Where a tenancy has a proportion of the rent paid upfront (under what is known as a premium lease agreement) this can restrict the loan to value on buy-to-let mortgages with The Mortgage Works.
Property Clubs
Persons buying properties sourced by investment clubs or property clubs will not be considered by the lender.
Second Charges
TMW does not like applications where there are second charges already on the property. Fine if these are to be repaid but otherwise can only be considered as a concession and limited to 50% loan to value.
Vendor as Tenant
If the vendor of the property intends to become the tenant to reside in the property after completion that would not be acceptable to The Mortgage Works. For this reason, they are not a suitable lender for sale and rent-back agreements.
Mortgage Product Transfer with another Lender? – click below
- Accord Mortgages rates for existing Customers
- Aldermore Mortgages Loyalty Rates
- Barclays mortgage rates for existing customers
- Bluestone mortgage rates for existing customers
- BM Solutions Product Transfer rates
- Co Op Platform mortgages rates for existing customers
- Coventry Building Society new mortgage deals
- Godiva Mortgages Product Transfers
- Halifax Product Transfers
- HSBC Mortgage Customer Switching Rates
- Kensington Mortgages Product Transfers
- Kent Reliance Mortgage Product Transfer rates
- Leeds Building Society Product Transfer rates
- NatWest Mortgage switch deals
- Nationwide existing customers rate switch
- Newcastle BS existing customers rate switch
- Paragon Bank Mortgage Product Switch Service
- Pepper Money mortgages rates for existing customers
- Precise Product Transfers
- Santander Product Transfer rates
- Scottish Widows Bank Mortgage Product Transfer rates
- Skipton Mortgage Customer Switching Products
- The Mortgage Lender mortgage rates for existing customers
- Vida Homeloans mortgage rates for existing customers
- Virgin Money Mortgage Deals Existing Customers