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Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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Buy-to-Let Mortgages for Limited Companies
We support Limited Companies with their Buy-to-Let mortgages.

Our Limited Company Buy-to-Let Mortgage Rates

House Purchase
Mortgage type Initial interest rate % Overall cost for comparison Maximum loan to value Product fee  
2 Year Discount Rate 3.00% 5.1% APRC 75% £1,499 More details
Remortgage
Mortgage type Initial interest rate % Overall cost for comparison Maximum loan to value Product fee  
2 Year Discount Rate 3.00% 5.1% APRC 75% £1,499 More details

Limited Company Buy-to-Let Mortgage FAQs

What is your Limited Company Buy-to-Let Mortgage Criteria?

The criteria below is for Limited Company Buy-to-Let Mortgages where the Limited Company has no more than 3 mortgaged Buy-to-Let properties. Limited Companies with 4 or more mortgaged Buy-to-Let properties may be interested in our Portfolio Mortgage range instead.

The information below is intended to give you an idea of your eligibility for our Limited Company Buy-to-Let mortgages. Meeting the below criteria is not a guarantee of acceptance, your application will also be subject to additional underwriting criteria, credit checks and assessment of a suitable property.

Company
  • Company must be set up as a Special Purpose Vehicle (SPV) Limited Company
  • Company must be based in the UK
  • We will consider newly formed SPVs
Directors
  • Maximum of 4 Directors
  • Each director can only finance 1 SPV to the Society
  • Minimum age of Directors: 21
  • Maximum age of Directors: 85 at end of mortgage term
  • Each Director must be an owner-occupier
  • All Directors must be prepared to provide a personal guarantee for the mortgage
  • Income from all Directors will be verified but one applicant must have a minimum income from employment, self-employment or pension of £25,000. Profits from rental income are acceptable provided these are verified via 2 years' SA302s.
  • Lending Area
  • England and Wales (including Isle of Wight, excluding Channel Islands)
Maximum LTV
  • 75% LTV 
Loan Size
  • Minimum loan: £40,000
  • Maximum loan for any single property: £1,000,000
  • Maximum combined loan for multiple Buy-to-Let properties: £3,000,000
  • Please note product specific minimum and maximum loan sizes may apply
Number of Properties
  • Lending for up to 3 Buy-to-Let properties (£3 million aggregate borrowing still applies)
  • For more than 3 properties, please see our Portfolio mortgages
Term
  • Minimum Term: 5 years
  • Maximum Term :40 years
Rental Coverage
  • We usually ask for a minimum rental coverage of 125% of the mortgage interest payment, using an interest rate of 5.5% OR the initial pay rate plus 2%, whichever is greater
  • We will use whichever is lower out of the actual rental income or the valuer’s rental assessment
Tenancy Guidelines
  • The property should be let under a single Assured Shorthold Tenancy agreement (AST) of no less than 6 and no more than 12 months, with a maximum of 4 individuals on a single tenancy agreement
What is a Special Purpose Vehicle (SPV)?

In the context of Buy-to-Let mortgages, a Special Purpose Vehicle (SPV) is a Limited Company set up for the sole purpose of buying and letting property.

The property is held by the company, rather than the property being owned by an individual. 

Multiple properties can be held under one SPV to build a portfolio.

What type of companies will you lend to?

We will only lend to SPV Limited Companies based in the UK.

We will consider newly formed SPVs.

How do I apply for a Limited Company Buy-to-Let Mortgage?

Step 1: Make an Enquiry

The first step to getting a Limited Company Buy-to-Let mortgage is submitting our enquiry form.

Step 2: We’ll Call You

After submitting your enquiry, you can usually expect us to call you within 2 working days.

During this initial phone call we will discuss your requirements and set up an appointment with one of our Mortgage Advisers. Our Mortgage Advisers are available for telephone or branch appointments, with evening and weekend appointments available.  

Step 3: Your Mortgage Appointment

During your appointment, your Mortgage Adviser will provide you with information on the products available and answer your questions on a non-advised basis. If you wish to proceed, they will help you submit your application.

Start the process today by making an enquiry:

Enquire Now

I’m a mortgage broker – how do I submit an application for my client?

Please see our Intermediaries website for details of how to submit a Limited Company Buy-to-Let mortgage application to us:

Broker Applications

Can you give me mortgage advice?

Because our Buy-to-Let mortgages are non-regulated, we do not provide mortgage advice for any of our Buy-to-Let or investment type mortgages - including our Limited Company Buy-to-Let mortgages. 

Although we cannot give you any advice, our Mortgage Advisers will be happy to take you through our product range and explain our application process in detail. 

We will provide you with information to make your own decision as to which product is right for you.

Speak to an Adviser

How much can I borrow?

The amount a lender will let you borrow depends on several different factors, including:

  • The lender’s minimum and maximum loan size
  • How much you can afford to borrow based on your income, the rental income of the property and the interest coverage ratio  

 

How much deposit do I need?

This depends on the Loan to Value (LTV) of the mortgage.

Our Buy-to-Let mortgages are available up to 75% LTV, so you will need a deposit of at least 25% of the property value.

Why do people run Buy-to-Let activities through a Limited Company?

There are many reasons why you might choose to run Buy-to-Let activities through a Limited Company. Here are just a couple of them:

  • If the Buy-to-Let business is shared between several people, creating a Limited Company where each investor holds a stake may simplify the running of the business.
  • An increasing number of landlords are choosing to run their Buy-to-Let business through a Limited Company due to potential tax advantages.

It might be worth seeking expert financial advice if you are considering setting up a Limited Company for Buy-to-Let.

 

Do you offer mortgages for Limited Company Portfolio Landlords?

If you have 4 or more mortgaged Buy-to-Let properties, you may be interested in our Portfolio range. Our Portfolio Mortgages allow landlords to mortgage up to 20 investment type properties (including Buy-to-Let, Holiday Let, HMO and/or Multi Unit Freehold):

Portfolio Mortgages

Most Buy-to-Let Mortgages (investment type property loans) are not regulated by the Financial Conduct Authority.

IF YOU FAIL TO KEEP UP WITH PAYMENTS ON YOUR MORTGAGE A ‘RECEIVER OF RENT’ MAY BE APPOINTED AND/OR YOUR RENTAL PROPERTY MAY BE REPOSSESSED.

Enquire about Buy-to-Let Mortgages for Limited Companies

Simply fill in the form below and we'll be in touch within the next few days to discuss how we can help:

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