The Mortgage Works says it will now accept intercompany loans as a deposit option for buy-to-let mortgage applications from limited company landlords.
Damian Thompson, director of landlord at The Mortgage Works, says: “Accepting inter-company loans as a deposit is a prime example of how we listen and act on the feedback we get from the broker community. We understand the challenges limited company landlords face and know this new policy will provide greater flexibility and opportunity for them.”
TMW says it’s also making financing more accessible for limited company landlords by expanding their deposit options.
The lender is also rebranding this week, with a spokesperson saying: “Our modernised brand reinforces The Mortgage Works’ overarching aim to support our valued landlords and brokers as we look to be a beacon for mutual good by playing a leading role in creating a stronger, fairer private rented sector.”
This article is taken from Landlord Today