Limited Company Buy To Let

Our Limited Company Buy to Let products are available for landlords operating via a limited company to purchase or re-mortgage a property, with newly registered limited companies accepted.

Eligibility and applicant criteria

• First time buyers, first time landlords eligible.
• Maximum of 4 Directors – individual credit checks will be undertaken
• Limited Companies registered in the UK only
• No time limit as to how long registered i.e. new SPV’s allowed
• Company must be set up with the principal activity of buying and holding residential investment property and used for that purpose only in line with the appropriate SIC Code
• Regulated or Consumer buy to let not accepted
• HMO not accepted

Loan, Fee and product details

• Fees can be added to the loan for debt for debt remortgages
• Maximum loan size £3,000,000. Loans over this are priced on a bespoke basis and have restricted LTVs
• For portfolio landlords the maximum LTV INCLUDING fees is 75%
• Personal Guarantees for total borrowing (inclusive of fees) taken from all Directors for applications exceeding 55% LTV

Property requirements

• Property must be let on an AST
• Minimum Property Value: £100,000
• Rental assessment is based on occupation by 1 family on an unfurnished let
• Minimum energy performance rating of E on an Energy Performance Certificate (EPC)

Affordability and income criteria

• 2 Year fixed rates: Rental cover 125% of either pay rate +2% or 5.5% whichever is higher
• 5 year fixed rates: Rental Cover 125% of pay rate
• Rental Cover on debt for debt re-mortgage cases 125% of pay rate
• All Shareholders in the Company must be named as Directors
• For unexperienced landlords, at least one applicant must meet the minimum income requirement of £25,000 and a minimum of 12 months landlord experience