TMW offers free gas safety check on new BTL loans

Partnering with British Gas to provide practical support for landlords and tenants

2 September 2013

The Mortgage Works (TMW), part of Nationwide Building Society Group, is offering its new buy to let (BTL) borrowers a free gas safety check provided by British Gas upon mortgage completion. The inspection will check the property’s gas boiler and its pipe-work plus an additional two gas appliances.

Landlords are legally required to have their gas appliances checked annually and to be able to evidence it through a Landlord Gas Safety Record (CP12). With the new initiative, customers will receive details in their offer pack and their first annual check will be undertaken by British Gas at no cost. After the visit, the CP12 can be emailed or posted online for the landlord to view.

The free check will enable TMW customers to more easily meet their legal obligations as landlords. This is the latest in a string of initiatives TMW has introduced in support of the private rental sector, which have also included the option for landlords to offer longer term tenancies and the publication of an independent Landlord’s Guide.

Henry Jordan, TMW’s Managing Director, said: “Landlords are required to carry out gas safety checks to ensure a safe living environment to their tenants. By partnering with British Gas we are helping TMW BTL borrowers meet these important responsibilities simply and cost effectively.

"Providing practical support for our buy to let customers in this way not only helps them to meet their obligations, it also helps support a safe and sustainable private rental sector. As a responsible lender, we continue to develop innovative solutions that make a positive impact on both landlords and their tenants.”

Kay Boycott, Director of Campaigns and Policy at Shelter, said: “It’s shocking to think that there are accidents waiting to happen because a simple safety check hasn’t taken place. England’s nine million renters need to know that their home won’t put their health at risk, so it’s good news that The Mortgage Works and British Gas will be helping to make more homes safe.

“Coming after the news that TMW has allowed landlords to let their properties with longer, family-friendly tenancies, it’s encouraging to see TMW taking these steps towards making rented homes into better places to live.”

Notes to editors:

About Nationwide Building Society
Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members.

Customers can manage their finances in a branch, on the telephone, internet and post. The Society has around 15,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

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