In our latest case study, see how we were able to take a flexible, common sense view in the following circumstances on a Limited Company Buy to Let:
- House purchase: £235,000 value with £176,250 loan (75% LTV)
- Directors able to provide a personal guarantee
- Four directors, each with an equal share in the company
- One director, a sole director of another company, had furloughed themself during the pandemic
- Another director was renting and was party to a mortgage following a marital split
Limited Company Buy to Let criteria
Lending up to 4 UK resident directors or shareholders is allowed. SPV Limited Companies with shareholders or directors who are Expats or another Holding Company are excluded. The borrowing of any SPV Limited Company must be registered at Companies House within 21 days of mortgage completion.
A guarantee from all directors/shareholders is required for lending up to 75% and all individuals providing a guarantee are required to take Independent Legal Advice. Guarantees may not be required up to 65% LTV, subject to product availability.
For more information about our products and services, including our online buy to let calculator and applying through our online portal, visit our website at mansfieldbs.co.uk/intermediaries.
