This week’s Tech Tips focus on Special Purpose Vehicles. An SPV is a great way to leverage expansion on a portfolio.
A lot of lenders insist on the SPV being up and running for a minimum time. Not us. We think setting up an SPV is a savvy tactical mood, so we’ll lend to them when we can. Even when they’re brand new.
KSP’s:
- Minimum ICR at 125%
- Trading companies and LLPs acceptable, with relevant sic codes
- Utility and telecoms defaults or missed payments won’t be considered impaired credit
- No minimum time for SPVs to be in place
- Speak direct to our underwriting and portfolio teams once you’ve submitted a case
We know every case is different, and every client’s special. Read more about our BTL proposition by clicking the link below.
Link to products – https://themortgagelender.com/buy-to-let/
Contact number – 0344 257 0418
Find your local BDM – https://themortgagelender.com/intermediary-sales-team/
