Limited Company BTL products
Find out more about our dedicated products to help support landlords wanting to invest in BTL within a Limited Company.
Please note applications must be submitted by using our editable application form, handwritten applications will not be accepted.
- 125% Interest Cover Ratio (ICR) for Buy to Let (170% for HMOs)
- Products available up to 80% LTV
- No requirement for a floating charge
- Available to Special Purpose Vehicles (SPV)
- Portfolio landlords accepted.
All Directors/Shareholders must meet our standard lending criteria.
Download our Limited Company product and criteria guide to view our dedicated product range and policy.
How to apply for a Limited Company product
Applications can only be submitted by using our editable Limited Company application form. Please note that handwritten application forms will not be accepted.
You currently can't submit Limited Company applications or obtain a Decision in Principle (DIP) through TMW Online.
- Please ensure you complete all relevant sections of the form. If information is missing it could delay your client's application.
- Once completed, please email the form to SCLoansAdmInPBS@nationwide.co.uk
Case tracking isn't currently available for Limited Company applications. To get an update on your case, please call us on 08000 30 40 40.
Our specialist underwriting team will confirm the case requirements when your client’s application is submitted. In most cases, we’ll request:
- Proof of deposit (purchase applications)
- Property schedule
- 3 months' personal bank statements for all Directors/Shareholders
If you haven't met with the Directors/Shareholders 'face to face' then you'll be required to certify documents used to support your client's application.
If we're unable to verify your client electronically, we'll ask you to provide the Certificate of Incorporation.
We reserve the right to request additional information to satisfy requirements.
Yes, where the Company or its Directors/Shareholders own four or more mortgaged properties (either separately or in aggregate), portfolio landlord criteria will apply.
Yes, if your client owns properties in their personal name, it must pass 145% rental cover. For properties held in a company, it must pass 125% rental cover.
A stress rate of 4.50% (up to 10 mortgaged BTL properties) or 5.50% (11 or more mortgaged BTL properties) also applies.
If your client’s deposit is a Director’s loan, we’ll require proof of source of deposit, in line with our standard requirements.
A gifted deposit from individuals to Director(s) are acceptable, however gifts to the Company are not.
No, we aren’t insisting on separate representation.
Currently, we’re only accepting purchase or remortgage applications.
Yes, we will require first legal charge over the security.
Yes, applications where the Limited Company is purchasing property from one of the directors are acceptable.
For new applications, we'll be paying an additional 0.10% gross procuration fee for Limited Company cases. This will be payable via your usual Mortgage Club or Network.
A loan from another company will not be accepted, however a repayment of a director’s loan or dividend payment from another Limited Company will be accepted.
Useful guides and forms
Please note that handwritten Limited Company application forms will not be accepted.
Limited Company application form
||Limited Company product and criteria guide|
Deed of Guarantee
Bank statement guide
Gifted Deposit form