The updated lending criteria will help landlords to make best use of holding their properties in a corporate structure.
According to John Heron, Director of Mortgages, the lender’s latest research revealed that 41% of landlords were considering whether to incorporate in Q4 2015.
“Therefore, we have updated our criteria to allow limited company landlords to have borrowings elsewhere too,” John explained.
“This demonstrates our continued commitment to working with our landlord customers to understand their bespoke requirements and also adapt as the market changes.”
In February, Paragon updated it website to allow intermediaries to submit limited company BTL applications.
In the same month, Foundation Home Loans reported an increased demand for limited company BTL products while Aldermore cut rates on its limited company BTL product range earlier this year.
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