The Mortgage Works Reduces Buy-to-Let Switcher Rates: Latest July 2025 Updates

Major Switcher Mortgage Rate Reductions from The Mortgage Works (TMW)

If you’re a UK buy-to-let landlord considering remortgaging or switching deals, The Mortgage Works (TMW)—a subsidiary of Nationwide Building Society—has just announced significant rate reductions across its Switcher product range. Effective from Thursday, 17 July 2025, selected Switcher rates have been cut by up to 0.30%, making this an opportune moment for existing TMW borrowers to secure a more favourable deal.

Key Mortgage Rate Updates: July 2025 Switcher Product Highlights

• 2-Year Fixed, up to 65% LTV (Buy to Let): 2.78% interest rate, 3% fee, available exclusively for existing TMW borrowers switching deals
• 2-Year Fixed, up to 65% LTV (Buy to Let): 4.54% interest rate, £0 fee, Switcher-only
• 2-Year Fixed, up to 75% LTV (Limited Company Buy to Let): 4.04% interest rate, 3% fee, Switcher-only

These competitive rates are designed to help landlords manage costs and budgeting, whether you’re operating as an individual or via a limited company structure.

Criteria Updates: Who Can Benefit?

• These Switcher products are available only to existing TMW customers looking to move to a new rate with their current lending.
• Options are available for both individual landlords and those with property portfolios held in a limited company setup.
• Different fee structures (3% product fee vs. £0 fee) allow landlords to balance upfront costs against monthly repayments based on their needs.

By reducing rates on selected Switcher products, TMW aims to reward loyalty and help current borrowers stay competitive in a changing market.

Noteworthy Promotions & Features

• No valuation or legal fees for most switcher applications, reducing the up-front cost of changing rates within TMW products.
• Flexible fee options enable borrowers to choose between a lower interest rate with a product fee, or a slightly higher rate with no fee and improved short-term cash flow.

These unique Switcher-only rates are not available to new TMW borrowers, making them an exclusive benefit for loyal customers.

Why Consider The Mortgage Works for Your Buy-to-Let Switcher?

• Specialist in Buy-to-Let: TMW is one of the UK’s leading buy-to-let mortgage providers, known for innovative products and landlord-friendly service levels.
• Customised Solutions: Products tailored for both individuals and limited companies, accommodating landlords at every scale.
• Trusted Brand: As a wholly owned subsidiary of Nationwide, TMW benefits from solid financial backing and a strong regulatory reputation.
• Dedicated Switcher Support: Streamlined switching process helps keep property portfolios on the best possible deals.

What’s the Next Step? Get Personalised Mortgage Advice

If you’re an existing TMW mortgage holder and want to explore these new Switcher rates—or compare refinancing options across the wider market—speak to our expert mortgage advisers today. We can explain the benefits, help with paperwork, and ensure you don’t miss out on market-leading buy-to-let products.

Contact us now for a free, no-obligation mortgage review tailored to your circumstances.

Frequently Asked Questions (FAQs)

Who is eligible for the TMW Switcher rates?

Only existing The Mortgage Works (TMW) customers remortgaging or switching their current TMW buy-to-let mortgage can access these rates. New applicants are not eligible.

How much have TMW Switcher rates been reduced?

Selected Switcher rates have been reduced by up to 0.30%, making monthly repayments potentially more affordable for current TMW landlords.

Are there different options for product fees?

Yes. You can choose between lower interest rates with a 3% product fee or opt for a slightly higher rate with no fee, depending on your financial goals.

Can limited company landlords benefit from these Switcher products?

Absolutely. TMW offers specific Switcher rates at up to 75% LTV for limited company buy-to-let portfolios, helping incorporated landlords manage their borrowing.

How do I apply or check my eligibility?

Contact our mortgage advice team. We’ll review your situation, check eligibility, and help you apply for the most suitable TMW Switcher product.