Here is the latest update from Fleet Mortgages. For details see their latest product guide. Their Lending Criteria Guide is available here. Remember, you can access these products through our direct to lender mortgage club to get the benefits of payment on completion as well access their mortgages through our fees free packager team. Register with Fleet here
New lending criteria for Limited Company borrowers
With a growing number of landlords opting for Limited Company structures to manage and expand their property portfolios, we’re pleased to announce that we have revised our policy on lending to Special Purpose Vehicles (SPVs). Additionally, we have made improvements to our lending criteria for Limited Company borrowers.
More complex group structures
We can now accommodate more complex group structures as well as support more layered ownership models and corporate configurations. This means we can be more flexible when it comes to the different company structures we will accept.
More options for your Limited Company landlord clients
These changes – live from today – are designed to better reflect the growing sophistication of landlord borrowing models and are a direct response to adviser feedback in this area.
You can find all the details, including examples of the types of Limited Company structures we will accept within the attached document, which is also available on our website.
You will find further details in the press release.
These changes are in addition to the rate reductions we implemented yesterday, along with a new £1000 cashback offer on our 55% LTV range.