Available to both Individual and Limited Companies / LLP applicants. CHL 1: Small MUFB onlyCHL 2: Small & Large MUFB (including Complex HMO & Hybrid MUFB) Related words: Ltd Co, SPV, House in multiple occupation
Landlord Experience
At least one applicant must own a residential or BTL property in the UK. Portfolio landlords must have a minimum of 12 months landlord experience. For HMO/MUFB properties (Small and Large) at least one applicant must prove they have owned a minimum of 1 BTL property for 2 years.
Personal guarantee requirements
A personal guarantee must be provided by Limited Company Directors and/or Shareholders with 20% shareholding, and all designated members and members with management rights of an LLP. Related words: Ltd Co, Limited Liability Partnership, LLP
Deposit
Deposits from Inter-company / Director / Shareholder / Partner loans accepted. Related words: Down payment, Limited Company, Ltd Co, Limited Liability Partnership, LLP
SIC Codes
CHL 1 acceptable SIC codes: 168100 | 68209 | 68320 | 68201 CHL 2 acceptable SIC codes: All SIC codes considered. Related words: Limited Company, Ltd Co, Limited Liability Partnership, Standard Industrial Classification
Applicant types
We lend to both Individuals and Limited companies /LLP’s. Up to 4 individual applicants or Limited Company Directors and/or Shareholders or LLP Members. Up to 4 Limited Company Guarantors. Guarantors must include all Directors and Shareholders with ≥20% controlling shares. Guarantors must together hold a minimum of 75% or more of the controlling share capital. …
New company incorporations
New company incorporations are accepted. Related words: Limited Company, Ltd Co, Limited Liability Partnership, new companies, start up
HMO Availability
Available to both Individual and Limited Companies / LLP applicants. CHL 1: Small HMO onlyCHL 2: Small & Large HMO available Related words: Ltd Co, SPV, House in multiple occupation