The Mortgage Works, a wholly owned subsidiary of Nationwide Building Society, has emerged as the dominant force in Limited Company Buy-to-Let lending, topping the publicly available monthly leaderboard for October with 787 transactions representing a 7.40% market share with Together in a close second with 767 transactions representing a 7.21% market share.
The new rankings, published by Manchester-based TRUVERI, are the first freely accessible performance data tracking Limited Company property finance including Buy-to-Let, commercial property, and bridge lending.
In the BTL sector specifically, Limited Company purchases now represent 70-75% of all landlord purchases, with UK Finance forecasting £32bn in total BTL lending for 2025.
"Lenders have had access to benchmarking data for years through closed services, but landlords, developers, brokers and other property professionals have been operating blind," explains Phin Mpofu-Masamba II, founder of TRUVERI. "We're publishing transaction-verified performance data that anyone can access. You can now see which lenders are getting deals over the line, not just which ones have the cheapest rates."
October's leaderboard reveals:
- The Mortgage Works: 787 transactions, 7.40% market share (first place)
- Together: 767 transactions, 7.21% market share (second place)
- 838 active lenders tracked via AI analysis of Companies House data
- Market highly fragmented - no single lender dominates, with top 10 lenders accounting for just 1.2% of the market
- Nearly 11,000 transactions tracked for the month of October
"We're seeing a genuinely competitive market with no single lender dominating," Mpofu-Masamba II notes. "The Mortgage Works leads with just over 7% market share, whilst 838 lenders are actively completing transactions. That means real choice for landlords, developers and of course brokers."
How it works
TRUVERI uses artificial intelligence to collate data from Companies House charge registrations continuously. The weekly leaderboard is published every Monday at 9am with the previous week's performance, then updated hourly between 8am and 6pm.
"Traditional mortgage data providers rely on lenders self-reporting monthly. We're collating the same information directly from Companies House as filings are registered," explains Mpofu-Masamba II. "We analyse thousands of charge registrations weekly."
The platform tracks Limited Company BTL, commercial mortgages, development finance, and land financing. Unlike subscription-based services restricted to lenders, TRUVERI's leaderboards are publicly accessible at truveri.co.uk/insights/leaderboard.
Companies and professionals appearing in the rankings can claim their profiles to showcase transaction history. Future phases will extend verified profiles to brokers, solicitors, surveyors, and estate agents.
