The Mortgage Works will now accept inter-company loans as a deposit option for buy-to-let (BTL) mortgage applications from limited company landlords.
This change, made in response to broker feedback, aims to provide greater flexibility and accessibility for landlords financing their portfolios through limited companies.
The Mortgage Works is also launching a modernised rebrand, reflecting the evolving needs of the industry.
Damian Thompson, director of landlord at The Mortgage Works, said: “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.
“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.”
Jeni Browne, business development director at Mortgage Finance Brokers, said: “Our clients are eager to access The Mortgage Works competitive limited company rates and fantastic service, so it’s great to see them broadening their criteria to help even more landlords. We look forward to even more positive changes.”
