The Nottingham for Intermediaries accepts applications for buy-to-let mortgages from a limited company. We’ve listed our key criteria here but if you have a case that doesn’t fit we may still be able to help you through our commercial team.

You can view our current range of limited company buy-to-let products here.

Key criteria

  • Loan to value up to 75% 
  • Limited company should be a special purpose vehicle (SPV) that is set up for holding and letting residential investment property, with one of the following SIC codes:
    • 68100 - buying and selling of own real estate
    • 68209 - management of real estate on a fee or contract basis
    • 68320 - other letting and operating of own or leased real estate 
  • Partnerships or LLPs will not be considered
  • Directors and company shareholders are required to be the same, up to a maximum of four directors
  • The rental income must cover at least 125% of the monthly interest payment on an interest only basis. The mortgage payment is calculated at:
    • 5.75% for 5 year fixed rates
    • 5.75% for like for like remortgages
    • 7.95% for all other lending

Additional information

Personal guarantees for the full loan amount will be required for all directors of the limited company; a floating charge will not be required.

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