New month, new focus – Limited Company Buy to Let

It’s a new month, which means a new In Focus theme! For the month of April, we will be sharing cases and scenarios based on our Limited Company Buy to Let offering.

Relaunched in February 2022, the product has been designed to support landlords who are looking to fix their repayments for a longer period and maximise their borrowing potential. It also benefits those who wish to grow their portfolios through the creation of a Special Purpose Vehicle, which is dedicated to managing their buy to let properties.

Visit our website for more details about our Limited Company Buy to Let product.

Please read the approved case below of a couple who wished to remortgage their Buy to Let property, capital raising to complete the build of a second soon-to-be Buy to Let property under their limited company:

Limited Company Buy to Let remortgage approved for completion of build
The application: 

  • The applicants requested £350,000 to remortgage their Buy to Let property (owned by their limited company), capital raising the full amount to complete the build of a second Buy to Let property
  • The applicants planned to let out the new property under their limited company
  • The applicants ran an established construction firm which was building the background buy to let

Our solution: 

Having been provided with the applicants’ business accounts and proof of income, we used this to determine affordability and, satisfied that the subject property was self-supporting, we approved the remortgage at 70% LTV over 10 years.

Head of Mortgage Proposition & Distribution, Carolyn Thornley-Yates, said:
“Although the amount the couple wanted to capital raise was high, the fact that the building work was due to be carried out on the property by the couple’s own construction business offered some assurance, and we were therefore happy to make an offer.”
Do you have a complex case you would like to discuss?

Contact our dedicated Business Development team:

📞 01455 894084
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