Below is the latest update from the Cambridge Building Society. For further details visit their website here. You can access Cambridge Building Society products via Brilliant Solutions. Contact us for more information.
We’re delighted to announce the launch of our Limited Company Buy to Let proposition which compliments our current Buy to Let range including Holiday Let and Expatriate lending.
Our Limited Company BTL proposition includes:
- Portfolio landlords with no limit on the number of background properties
- Up to 10 properties can be held directly with us, or a maximum value of £4 million
- Director guarantees are required for each mortgaged property with Independent Legal Advice required
- Borrowing up to 80% LTV, with up to 4 applicants accepted
- Directors only must hold 100% of the Company shareholding
- Maximum loan size of £1,000,000
- Minimum income of £25,000
- Newly established Limited Companies are accepted
- Acceptable SIC codes:
- A68100 / 7012 Buying and selling of own real estate
- 68209 / 7020 Other letting and operating of own or leased real estate
- 68320 / 7032 Management of real estate on a fee or contract basis
- 68201 Renting and operating of Housing Association real estate
- Procuration fee of 0.55% gross is paid after completion
We’ve launched with three 5 Year Fixed Rate Products, which are stressed at payrate with an income coverage ratio of 125%.