This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Mortgage Hotline - Call Us 0117 313 7780

1.75% 2 Year Fixed

  • Overall cost for comparison 4.3% APRC

Representative Example: Mortgage of £120,000 on property valued at £200,000 over term of 25 years. Rate fixed for 2 years after which reverts to Post Office variable rate of 4.74%.

Call Post Office FREE on 0808 178 6813

2.68% 5 Year Fixed

  • Overall cost for comparison 4.0% APRC

Representative Example: Mortgage of £120,000 on property valued at £200,000 over term of 25 years. Rate fixed for 2 years after which reverts to Post Office variable rate of 4.74%.

Call Post Office FREE on 0808 178 6813

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.5%
Rate type: Fixed Jan-2020
Monthly cost: £494.37 per month
Max LTV: 60%
Product fee: £2770.00
Overall cost for comparison: 4.4% APRC
Barclays Bank logo 1.5% Fixed Jan-2020 4.4% APRC 60% £2770.00 £494.37 per month get quotes Call direct0117 313 7780
Initial rate: 1.5%
Rate type: Fixed Jan-2020
Monthly cost: £487.37 per month
Max LTV: 60%
Product fee: £1320.00
Overall cost for comparison: 4.3% APRC
Barclays Bank logo 1.5% Fixed Jan-2020 4.3% APRC 60% £1320.00 £487.37 per month get quotes Call direct0117 313 7780
Initial rate: 1.54%
Rate type: Fixed Feb-2020
Monthly cost: £491.63 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.4% APRC
Santander UK Plc logo 1.54% Fixed Feb-2020 4.4% APRC 60% £1755.00 £491.63 per month get quotes Call direct0117 313 7780
Initial rate: 1.54%
Rate type: Fixed Feb-2020
Monthly cost: £491.63 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.4% APRC
Santander UK Plc logo 1.54% Fixed Feb-2020 4.4% APRC 60% £1755.00 £491.63 per month get quotes Call direct0117 313 7780
Initial rate: 1.54%
Rate type: Fixed Feb-2020
Monthly cost: £491.63 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.4% APRC
Santander UK Plc logo 1.54% Fixed Feb-2020 4.4% APRC 60% £1755.00 £491.63 per month get quotes Call direct0117 313 7780
Initial rate: 1.55%
Rate type: Fixed Jan-2020
Monthly cost: £494.30 per month
Max LTV: 60%
Product fee: £2270.00
Overall cost for comparison: 4.4% APRC
Barclays Bank logo 1.55% Fixed Jan-2020 4.4% APRC 60% £2270.00 £494.30 per month get quotes Call direct0117 313 7780
Initial rate: 1.69%
Rate type: Fixed Jan-2020
Monthly cost: £501.19 per month
Max LTV: 50%
Product fee: £2132.00
Overall cost for comparison: 4.4% APRC
Godiva Mortgages logo 1.69% Fixed Jan-2020 4.4% APRC 50% £2132.00 £501.19 per month get quotes Call direct0117 313 7780
Initial rate: 1.69%
Rate type: Fixed Mar-2020
Monthly cost: £496.22 per month
Max LTV: 60%
Product fee: £1670.00
Overall cost for comparison: 4.4% APRC
BM Solutions logo 1.69% Fixed Mar-2020 4.4% APRC 60% £1670.00 £496.22 per month get quotes Call direct0117 313 7780
Initial rate: 1.69%
Rate type: Fixed Dec-2019
Monthly cost: £496.25 per month
Max LTV: 60%
Product fee: £1061.00
Overall cost for comparison: 4.6% APRC
Skipton BS logo 1.69% Fixed Dec-2019 4.6% APRC 60% £1061.00 £496.25 per month get quotes Call direct0117 313 7780
Initial rate: 1.79%
Rate type: Fixed Jan-2021
Monthly cost: £505.95 per month
Max LTV: 50%
Product fee: £2132.00
Overall cost for comparison: 4.2% APRC
Godiva Mortgages logo 1.79% Fixed Jan-2021 4.2% APRC 50% £2132.00 £505.95 per month get quotes Call direct0117 313 7780
12345678910...

Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Buy to Let Mortgages Mortgage Works

Buy to Let Mortgages Mortgage Works

About the Mortgage Works

The Mortgage works is a subsidiary of Nationwide Building society, as Nationwide do not currently offer buy to let mortgage deals directly; instead, they offer them through their specialist lender The Mortgage works.

Buy to let mortgage deals from The Mortgage Works are only available through independent intermediaries such as ourselves. Like any buy to let mortgage, The Mortgage Works have a set of requirements and criteria to determine whether you might be eligible to borrow from them.

Requirements

For first time landlords, buy to let mortgage deals from The Mortgage Works typically require:

  • Maximum loan value of 75%
  • Minimum age of 21 and maximum age of 70 at application.
  • Maximum loan size of £500,000 unless otherwise stated.
  • Must be owner occupied                                         
  • Minimum term of 5 years
  • Gross rental income must be at least 125% of the monthly mortgage payment.

Buy to Let Regulations 

Changes to the way in which the buy to let mortgage market is regulated has affected the way lenders consider applications.

Although The Mortgage Works currently only require a rental coverage ratio of 125%, the majority of lenders require a rental coverage ratio of at least 145% and up to 170% for houses in multiple occupation.  The additional rental coverage percentage is to minimise the risk of landlords falling into arrears with their mortgage payments, when their property is without tenants.

When applying for a Mortgage Works' buy to let mortgage, it is important to note that lenders will now apply a stricter stress test than before. Landlords have to demonstrate that they can afford mortgage payments in the event that interest rates increase to 5.5%.

For landlords with multiple properties, The Mortgage Works will review their entire property portfolio to ensure the landlord has a proven track record of buy to let properties. It should be noted that landlords cannot spread equity across their portfolio and therefore lenders will no longer provide a buy to let mortgage for landlords with one or more properties that are not profitable. 

Choosing a Buy to Let Mortgage with The Mortgage Works

Whether you’re an experienced landlord or a first time investor, The Mortgage Works has a range of different buy to let mortgage deals to suit you. When deciding which deal is best for you, there are a few aspects of your personal circumstances that you should take into consideration. It is important to consider how much of a deposit you can afford, how much rental income you expect to receive and the value of the property you are interested in buying.

Some of the mortgage packages available through The Mortgage Works can be seen below.

Buy to Let Mortgage Rates – The Mortgage Works offers a range of different mortgage deals to suit different situations. These include buy to let mortgages for first time landlords, housing in multiple occupancy, limited occupancy and property portfolio clients.

Let to Buy Mortgages for New and Existing Landlords - If you are a new or experienced landlord who is thinking about remortgaging your existing residential property as a buy to let property; The Mortgage Works has packages to suit your needs.

Our Services

It is likely that you will not have access to The Mortgage Works' deals; as a result you might want to consider contacting an independent intermediary who can offer you deals on their behalf. If you would like to compare The Mortgage Works' buy to let mortgage deals along with other leading mortgage deals, why not call us today on 0117 403 4222, or fill in our online contact form on this page to request a call-back.

 buy to let mortgages with mortgage works

house icon

Call 0117 313 7780 or Request Callback for our Buy to Let Mortgage Team

For a FREE initial conversation about your mortgage options complete our short enquiry form.

request call back

Please confirm your details

Extra information

The optional information below will help us to contact you

Buy to Let Mortgages