We accept buy-to-let mortgage applications from limited companies. Here’s our criteria. We may still be able to help you if your case doesn’t fit every requirement.

Key criteria

• A limited company must be a special purpose vehicle (SPV), hold and let residential investment property with one of these standard industrial classification (SIC) codes:
  • 68320: other letting and operating of own or leased real estate.
  • 68209: management of real estate on a fee or contract basis.
  • 68100: buying and selling of own real estate.
• Loan to value up to 75%.

No other SIC codes can be accepted.

• The rental income must cover at least 125% of the monthly interest payment on an interest-only basis.
• Directors and company shareholders need be the same, up to a maximum of four directors.
• Partnerships or Limited liability partnerships (LLPs) cannot be considered.
• The mortgage payment is calculated at:
  • 6.29% for like-for-like remortgages.
  • 6.29% for 5-year fixed rates.
  • 8.29% for all other lending.
• The SPV must be non-trading.

More information

All directors of the limited company must personally guarantee the full loan amount. A floating charge won't be needed.

The assessment of the application will include reviewing all other properties owned by the limited company.