TMW expands BTL options for limited company landlords

The Mortgage Works (TMW) has announced changes to its buy to let mortgage criteria for limited company landlords.

The move allows limited companies to purchase a property currently owned and lived in by one of its directors, with the intention of using it as a BTL investment.

This process mirrors the let to buy transactions common in standard BTL cases and opens up the market to a wider range of landlords.

‘Supporting the limited company buy to let market’

TMW’s senior manager, buy to let mortgages, Joe Avarne, said: ”The Mortgage Works has been supporting the limited company buy to let market since 2018 and, as one of the largest buy to let providers in the market, we remain committed to supporting all types of landlords.

“This latest change is another example where we are responding to feedback we’ve had from landlords and brokers alike.

“We are always looking at ways to improve our offering for limited companies and are pleased we’ve been able to make this change.”

LendInvest streamlines BTL product transfer process

LendInvest Mortgages has announced a streamlined product transfer process for buy to let customers nearing the end of their fixed term.

The move comes on the heels of the company’s recent launch of buy to let in its proprietary Mortgages Portal.

The new changes promise a reduced application form, dedicated underwriter support and no legal fees on pound-for-pound Product Transfers.

Most of the customers’ information is automated, with checks conducted behind the scenes as details are pulled from their case history.

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