The Mortgage Works leads limited company BTL market as new leaderboard goes public

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The Mortgage Works has been named the UK’s leading lender for limited company buy-to-let transactions in October, topping a new publicly available leaderboard published by Manchester-based data firm TRUVERI.

The lender, a subsidiary of Nationwide Building Society, completed 598 limited company buy-to-let transactions during the month, securing a 6.97% market share. Together took second place with 535 transactions and a 6.24% share, followed by Paragon (303), Aldermore (301) and Kensington (288).

In total, TRUVERI tracked more than 8,500 limited company buy-to-let deals across 717 active lenders, underscoring the competitive and fragmented nature of the market.

The new leaderboard marks the first time verified lender performance data in limited company buy-to-let, commercial property and bridging finance has been made freely accessible to the public.

Using artificial intelligence, TRUVERI collates data from Companies House charge registrations, updating its weekly leaderboard every Monday at 9am and refreshing hourly throughout the working day.

Phin Mpofu-Masamba II, founder of TRUVERI, said: “Lenders have had access to benchmarking data for years through closed services, but landlords, developers, brokers and other property professionals have been operating blind.

“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.”

He added: “We’re seeing a genuinely competitive market with no single lender dominating. The Mortgage Works leads with just under 7% market share, whilst 717 lenders are actively completing transactions. That means real choice for landlords, developers and of course brokers.”

Limited company purchases now account for around 70–75% of all landlord acquisitions, with UK Finance forecasting £32 billion in total buy-to-let lending for 2025.

The TRUVERI platform also tracks commercial mortgages, development finance and land funding. Companies listed on the leaderboard can claim their profiles to display verified transaction histories, with future updates expected to extend the feature to brokers, solicitors, surveyors and estate agents.

The public leaderboard can be viewed at truveri.co.uk/insights/leaderboard.

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