80% LTV for Trading Ltd co. Buy to Let

by Howard Reuben CeMap CeRER

10:57 AM, 23rd October 2018
About 4 weeks ago

80% LTV for Trading Ltd co. Buy to Let

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80% LTV for Trading Ltd co. Buy to Let

Keystone Property Finance now have a very landlord friendly product and criteria range. In particular they will consider Trading Limited company applications (not just SPVs) for up to 80% Loan to Value and they will stress test the portfolio at a notional 5.5% and 125% interest cover.

This means you can borrow £174.55 for every £1 of monthly rental income up to a maximum of 80% with no maximum portfolio size. They will also consider Limited Liability Partnerships (LLP) along with the usual Single Purpose Vehicles (SPV) with one sic code.

At 80% LTV product options include:

2 year fixed @ 3.75% reverting to LIBOR + 4.90% and early repayment charges (ERC) of 3% in yr 1, 2% in yr 2 Loan sizes £50k to £500k

3 year fixed @ 4.05% reverting to LIBOR + 4.90% and ERC of 5% in yr 1, 4% in yr 2, 3% in yr 3 Loan sizes £50k to £500k

5 year fixed @ 4.15% reverting to LIBOR + 4.90% and ERC of 5% in yr 1, 4% in yr 2, 3% in yr 3, 2% in yrs 4 & 5 Loan sizes £50k to £500k

LIBOR rate is currently quoted at 0.80%

HMO and Multi-Unit properties have a maximum Loan to Value of 75% at a reduced interest rate to the above.

Limited Company criteria includes:

  • No minimum trading period for new SPV’s
  • Trading Ltd Co’s – minimum 2 years trading
  • Up to 4 applicants
  • LLP’s accepted
  • No fixed or floating charges or debentures

Standard Property Criteria at 80% LTV includes:

  • England and Wales
  • Minimum value £75,000
  • New build flats at 75% LTV
  • Flats adjacent to or immediately above commercial premises
  • Studio flats – min 30 sqm
  • Properties with flying freehold
  • Standard construction
  • Wimpey no fines – after 1946
  • Ex-Local Authority properties
  • DSS tenants accepted

If you require assistance with this or any other type of Buy to Let finance please do not hesitate to contact me using the form below.

Contact Howard Reuben

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