The Mortgage Works expands deposit options for landlords

Change comes in response to broker feedback

The Mortgage Works expands deposit options for landlords

The Mortgage Works has announced a major policy shift, offering greater flexibility for limited company landlords by accepting intercompany loans as a deposit option for buy-to-let mortgage applications. The move is aimed at making it easier for landlords operating through a limited company to finance their property portfolios.

This update comes as part of The Mortgage Works’ response to feedback from brokers, who have been calling for broader deposit options for limited company landlords. The decision to allow intercompany loans is expected to ease the financial pressures on landlords, offering them more choices in how they secure funds for new property investments.

“Accepting intercompany loans as a deposit is a prime example of how we listen and act on the feedback we get from the broker community,” said Damian Thompson, director of landlord at The Mortgage Works. “We understand the challenges limited company landlords face and know this new policy will provide greater flexibility and opportunity for them.”

The announcement also coincides with the lender’s modernised rebrand, which aims to keep The Mortgage Works at the forefront of the evolving mortgage market. The refreshed brand is part of the company’s broader commitment to support landlords and brokers by offering flexible solutions and maintaining a competitive edge.

Jeni Browne, business development director at Mortgage Finance Brokers, commented on the development, saying, “Our clients are eager to access The Mortgage Works’ competitive limited company rates and fantastic service, so it’s great to see them broadening their criteria to help even more landlords. We look forward to even more positive changes.”

The Mortgage Works, the UK’s second-largest buy-to-let lender with £42.4 billion in assets, supports over 330,000 landlords through a dedicated team of around 700 members based in Bournemouth. Owned by Nationwide Building Society, it has provided financing to landlords since 1988. The Mortgage Works aims to improve the UK rental market by championing landlords and advocating for their interests through consistent support and innovative solutions.

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