Darlington Building Society has increased the maximum LTV for limited company buy to let loans.
This rise is from 75% to 80%.
The society says it reflects the growing demand from landlords to place investment properties in a SPV.
Darlington’s limited company buy to let range continues to include a two-year fixed rate at 5.29% and a five-year fixed rate at 5.39%, offered with a £999 product fee plus valuation fee.
Products can be used for purchase or remortgage.
They’re also are available to first-time buyers and first-time landlords, with no minimum income or ownership period.
And loans can also be used for holiday let properties and applications benefit from a non-restricted solicitor panel.
These enhanced criteria reflects Darlington Building Society’s wider investment in specialist lending.
The society broadened criteria in its Professionals range for key workers in July and entered the foreign currency mortgage market in August.
A spokesperson says: “In the past it was largely the space of specialist lenders working with portfolio landlords. We are now seeing more interest from those with smaller holdings and first-time buyers or first-time landlords.
“As a lender that understands individual cases and the profile behind them, we felt the market needed our support now more than ever. Raising LTV to 80% gives brokers an extra tool when helping clients structure their borrowing in a way that suits long term plans.”
Darlington’s broker partners can access the full range through the intermediary portal with dedicated underwriting support.
