Manchester, 1 November 2025 – 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 598 transactions representing a 6.97% 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 secured first place with 598 transactions and 6.97% market share
- Together claimed second place with 535 transactions and 6.24% market share
- Strong competition across the top 10, with Paragon (303), Aldermore (301), and Kensington (288) in places three through five
- A highly fragmented market with 717 active lenders tracked, totalling over 8,500 transactions
"We're seeing a genuinely competitive market with no single lender dominating," Mpofu-Masamba II notes. "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."
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.
ENDS
Notes to Editors
About TRUVERI
TRUVERI is a Manchester-based PropTech platform founded in October 2025 by former estate agent Phin Mpofu-Masamba II. The platform links property transactions to verified professionals, helping sellers, buyers, developers and investors find trusted mortgage brokers, lenders, solicitors, and surveyors with proven track records, whilst allowing these professionals to benchmark themselves based on verified transactions rather than claims or reviews. The company's first publicly accessible market intelligence launch is weekly Limited Company Buy-to-Let mortgage lender leaderboards, with verified performance profiles for brokers, solicitors, and other professionals launching in subsequent phases.
About Limited Company Buy-to-Let
Limited Company BTL refers to residential properties purchased by limited companies for rental purposes, typically for tax efficiency following Section 24 tax changes in 2017. Limited Company purchases now represent 70-75% of all BTL transactions, with over 401,000 active BTL limited companies in the UK (Hamptons, February 2025). UK Finance forecasts total BTL lending of £32bn for 2025.
Data availability
Full October league table data for top 50 lenders, including week-by-week breakdowns, is available to journalists upon request. TRUVERI can provide lender-specific analysis and expert commentary on market trends.
*Note: October figures are subject to minor adjustments as some transactions may be filed retrospectively with Companies House during early November. Final monthly totals typically stabilise within two weeks of month-end.