Buy to Let Let to Buy Houses in Multiple Occupation Large ortfolio roduct Guide 27.09.18 roduct Highlights 1.49% 2 year fixed, up to 65% LTV, 1,995 arrangement fee 2.14% 2 year fixed, up to 65% LTV, 0 arrangement fee 2.44% 5 year fixed, up to 75% LTV, 1,995 arrangement fee Use Broker Chat 9.30am - 6pm (Mondays) and 9am - 6pm (Tuesday - Friday) to talk to us about any pre-lending criteria enquiries themortgageworks.co.uk/brokerchat For further copies of the product guide, lending criteria or application form go to themortgageworks.co.uk FOR INTERMEDIARY USE ONLY These rates are for intermediary use only and do not include ARCs which customers need when selecting a mortgage product. This product guide should not be shared with customers. Details of our ARCs can be found when applying for the product from your mortgage sourcing system. For a decision in principle and case updates call 08000 30 40 40 or email dip@themortgageworks.co.uk Limited Company
Buy to Let Buy to Let roduct Guide 27.09.18 Buy to Let: urchase and Remortgage products. roduct UR REM F/A 50% LTV 65% LTV 75% LTV 80% LTV roduct roduct roduct roduct 2.99% B23812 2% of loan amount 1.49% B23857 1.99% B23810 1,995 2 Year Fixed until 1% of loan amount 3.64% B23813 995 2.14% B23858 2.49% B23859 3.99% B23814 0 3.59% B90544 2% of loan amount 5 Year Fixed until 30/11/2023 1.99% B90538 2.09% B90540 2.44% B90589 1,995 3.84% B90545 995 2.39% B90539 2.89% B90541 2.99% B90543 4.19% B90546 0 2 Year Tracker until 1.44% (BBR + 0.69%) 2.09% (BBR + 1.34%) B70480 B70481 1.94% (BBR + 1.19%) 2.44% (BBR + 1.69%) B70464 1,995 B70482 0 Switch to Fix Lifetime Variable 4.74% B08137 5.24% B08138 995 Switch to Fix 2
Buy to Let Buy to Let roduct Guide 27.09.18 Buy to Let: Remortgage only products Free standard valuation & Free standard legal fee. roduct UR REM F/A 50% LTV 65% LTV 75% LTV roduct roduct roduct 1.54% B23823 1.64% B23861 2.19% B23829 1,995 2 Year Fixed until 1.64% B23824 1% of loan amount 1.74% B23862 2.49% B23864 995 FV & FL* 2.14% B23825 2.24% B23863 2.64% B23865 0 2.09% B90560 2.19% B90563 2.49% B90591 1,995 5 Year Fixed until 30/11/2023 2.34% B90561 2.59% B90564 2.79% B90567 995 FV & FL* 2.49% B90562 2.99% B90565 3.09% B90568 0 2 Year Tracker until 1.59% (BBR + 0.84%) 2.19% (BBR + 1.44%) B70484 B70485 2.14% (BBR + 1.39%) 2.59% (BBR + 1.84%) B70470 1,995 B70486 0 FV & FL* Switch to Fix abbreviations: FV Free standard valuation FL Free standard legal fee * (Exclusions/additional charges may apply). lease see TMW website criteria page for full terms and conditions and a list of non-standard fees your client may have to pay 3
Buy to Let Buy to Let roduct Guide 27.09.18 Buy to Let: urchase and Remortgage products Free standard valuation & 250 Cashback. roduct UR REM F/A 50% LTV 65% LTV 75% LTV 80% LTV roduct roduct roduct roduct 3.24% B23820 2% of loan amount 1.64% B23815 1,995 2 Year Fixed until 1.69% B23816 1% of loan amount FV* & 250 CB** 1.84% B23860 2.59% B23819 3.84% B23821 995 2.24% B23817 4.19% B23822 0 3.69% B90556 2% of loan amount 5 Year Fixed until 30/11/2023 2.09% B90547 2.19% B90550 2.49% B90590 1,995 2.34% B90548 2.59% B90551 2.79% B90554 3.94% B90557 995 FV* & 250 CB** 2.49% B90549 2.99% B90552 3.09% B90555 4.29% B90558 0 10 Year Fixed until 30/11/2028 3.49% B90559 0 FV* & 250 CB** 2 Year Tracker until 1.64% (BBR + 0.89%) B70483 2.14% (BBR + 1.39%) B70467 1,995 FV* & 250 CB** Switch to Fix Buy to Let: Further Advance only products Free standard valuation. roduct UR REM F/A 2 Year Fixed until 65% LTV 75% LTV 80% LTV roduct roduct roduct 1.74% B23866 2.49% B23834 3.69% B23836 1% of loan amount 2.24% B23867 2.64% B23868 4.19% B23837 0 FV* abbreviations: FV Free standard valuation CB - Cashback * (Exclusions/additional charges may apply). lease see TMW website criteria page for full terms and conditions and a list of non-standard fees your client may have to pay ** Cashback will be paid upon completion 4
Let to Buy Buy to Let roduct Guide 27.09.18 Let to Buy: Remortgage only products - Free standard valuation & 250 Cashback. Applicants remortgaging existing owner occupied property as Buy to Let. There must be a simultaneous onward purchase of a new residential property. A copy of onward purchase mortgage offer must be provided prior to completion (if new residential property is purchased by way of mortgage). roduct UR REM F/A 65% LTV 75% LTV 80% LTV roduct roduct roduct 2 Year Fixed until 2.24% LB2579 2.54% LB2581 1,995 2.34% LB2580 2.59% LB2582 3.74% LB2583 995 FV* & 250 CB** 5 Year Fixed until 30/11/2023 2.99% LB9062 3.44% LB9063 4.44% LB9064 995 FV* & 250 CB** 2 Year Tracker until 2.34% (BBR + 1.59%) LB7121 2.59% (BBR + 1.84%) LB7122 995 FV* & 250 CB** Switch to Fix abbreviations: FV Free standard valuation CB - Cashback * (Exclusions/additional charges may apply). lease see TMW website criteria page for full terms and conditions and a list of non-standard fees your client may have to pay ** Cashback will be paid upon completion 5
Houses in Multiple Occupation HMO (Houses in Multiple Occupation): urchase, Remortgage and Further Advance products. Buy to Let roduct Guide 27.09.18 See lending criteria for further details. roduct UR REM F/A 75% LTV roduct 2.84% B23838 2% of loan amount 2 Year Fixed until 3.34% B23839 1,995 3.49% B23840 995 3.84% B23841 0 3.44% B90569 2% of loan amount 5 Year Fixed until 30/11/2023 3.69% B90570 1,995 3.74% B90571 995 3.94% B90572 0 6
Large ortfolio Large ortfolio: Customers with more than 10 mortgaged Buy to Let properties at completion. Buy to Let Large ortfolio: Further Advance only products. Buy to Let roduct Guide 27.09.18 75% LTV 80% LTV roduct UR REM F/A roduct roduct 2 Year Fixed until 3.19% Q20029 4.39% Q20030 0 FV* Buy to Let Large ortfolio: Remortgage only products - Free standard valuation & Free standard legal fee. roduct UR REM F/A 65% LTV 75% LTV roduct roduct 2 Year Fixed until 2.49% Q20031 2.79% Q20033 995 2.99% Q20032 3.19% Q20034 0 FV & FL* 5 Year Fixed until 30/11/2023 2.99% Q90019 3.09% Q90021 995 3.19% Q90020 3.29% Q90022 0 FV & FL* Buy to Let Large ortfolio: urchase and Remortgage products - Free standard valuation & 250 Cashback. roduct UR REM F/A 75% LTV 80% LTV roduct roduct 2 Year Fixed until 2.79% Q20035 3.99% Q20036 995 FV* & 250 CB** 5 Year Fixed until 30/11/2023 3.09% Q90023 4.14% Q90024 995 FV* & 250 CB** abbreviations: FV Free standard valuation FL Free standard legal fee CB - Cashback * (Exclusions/additional charges may apply). lease see TMW website criteria page for full terms and conditions and a list of non-standard fees your client may have to pay ** Cashback will be paid upon completion 7
Large ortfolio Large ortfolio: Customers with more than 10 mortgaged Buy to Let properties at completion. Let to Buy Large ortfolio: Remortgage only products - Free standard valuation. Buy to Let roduct Guide 27.09.18 roduct UR REM F/A 75% LTV roduct 2 Year Fixed until 2.79% Q20037 995 FV* & 250 CB** HMO (Houses in Multiple Occupation) Large ortfolio: urchase, Remortgage and Further Advance products. 75% LTV roduct UR REM F/A roduct 2 Year Fixed until 3.49% Q20028 995 5 Year Fixed until 30/11/2023 3.74% Q90018 995 abbreviations: FV Free standard valuation CB - Cashback * (Exclusions/additional charges may apply). lease see TMW website criteria page for full terms and conditions and a list of non-standard fees your client may have to pay ** Cashback will be paid upon completion 8
Limited Company Buy to Let Buy to Let: Limited Company Buy to Let roduct Guide 27.09.18 roduct UR REM F/A 75% LTV 80% LTV roduct roduct 3.24% W20012 2% of loan amount 2 Year Fixed until 2.99% W20008 1,995 FV* 3.49% W20009 0 3.69% W90006 2% of loan amount 5 Year Fixed until 30/11/2023 3.49% W90004 1,995 FV* 3.84% W90005 0 Houses in Multiple Occupation: Limited Company 75% LTV roduct UR REM F/A roduct 2 Year Fixed until 3.79% W20011 1,995 FV* abbreviations: FV Free standard valuation * (Exclusions/additional charges may apply). lease see TMW website criteria page for full terms and conditions and a list of non-standard fees your client may have to pay ** Cashback will be paid upon completion 9
Additional information s are only secured once a full application and any applicable fee(s) have been received. Your client can make lump sum or regular overpayments of up to 10% of the initial mortgage balance in each 12 month period from the anniversary of completion, without having to pay any early repayment charges. This isn t available if the whole loan is being repaid or security released. Switch to Fix option allows a customer to switch to an existing customer fixed rate, within the same product range, at any time during the benefit period without incurring early repayment charges. Interest Cover Ratios (ICR) and Stress s To reflect the different taxable income levels of landlords, we apply the following Interest Cover Ratios (ICR) and Stress s: Tax rate of 20% or less Buy to Let and Let to Buy ICR Tax rate of 40% or more HMO Limited Company Buy to Let Follow On s All products followed by The Mortgage Works Managed for the remainder of the term as per the table below: roduct LTV 50% LTV 65% LTV Managed s 4.74% (Issue 6) 75% LTV 5.24% (Issue 7) 80% LTV 5.54% (Issue 8) Buy to Let roduct Guide 27.09.18 roduct/customer Type Buy to Let First Time Landlords & Let to Buy HMO Maximum Loan er roperty LTV Maximum Loan 50% 1,500,000 65% 1,000,000 70% 750,000 75% 500,000 80% 350,000 70% 500,000 80% 350,000 65% 750,000 75% 500,000 Stress rate Remortgage (without capital raising) All other application types Exceptions apply: This guide is to be read in conjunction with the Lending Criteria The Mortgage Works (UK) plc. is a wholly owned subsidiary of Nationwide Building Society and is authorised and regulated by the Financial Conduct Authority under registration number 189623. Most buy-to-let mortgages are not regulated by the Financial Conduct Authority. You can confirm our registration on the FCA s website www.fca.org.uk. Registered Office: Nationwide House, ipers Way, Swindon, SN38 1NW. Registered in England. Company Registration Number 2222856. T59 (27.09.18) 125% 145% 170% 125% 65% LTV and lower roduct term under 5 Years 65% LTV to 75% LTV over 75% LTV 4.99% 5.50% 5.50% 5.99% For remortgage applications without capital raising and fixed rate product terms of 5 or more years, the higher of the stress rate or product pay rate (product pay rate + 0.50% for variable products) will apply. For all applications, the higher of stress rate or product pay rate + 2% (whichever is higher) will apply. For portfolio landlord applications, an aggregate rental calculation applies (please refer to the lending criteria for details) For full details please visit the lending criteria section of the TMW website. Fixed rates 5 years and over 4.99% ERC Until 31-May-19 Lifetime Variable 2% 30-Nov-19 30-Nov-20 2 Year Tracker 2% 1% 2 Year Fixed 3% 2% 30-Nov-21 3 Year Fixed 4% 3% 2% 30-Nov-22 30-Nov-23 5 Year Fixed 6% 5% 4% 3% 2% 10 Year Fixed 7% 7% 7% 7% 6% 5% 4% 3% 2% 1% Visit themortgageworks.co.uk to submit your applications via TMW Online. Applications are required. Standard terms and conditions available on request. themortgageworks.co.uk Telephone: 0800 545 31 31 All information correct at time of going to press. No responsibility can be taken for information held within any mortgage sourcing system. The Company reserves the right to withdraw any of the products in this brochure at any time, or to change or vary the actual rate quoted. BBR refers to the Bank of England Base. The Mortgage Works reserves the right to change BBR tracked products within 60 days of a Bank of England rate change. This communication is for use by and restricted to professional intermediaries. Under no circumstances should the communication be given, copied or distributed to actual or potential borrowers 30-Nov-24 30-Nov-25 30-Nov-26 30-Nov-27 30-Nov-28 10