Effective today (Tuesday 14th January), Buckinghamshire Building Society has entered the limited company buy-to-let (BTL) market with the launch of a dedicated product range.
This initiative was designed to support landlords, including expat investors and those with holiday let properties, as they navigate the evolving property landscape.
In response to growing demand for more tailored financing solutions, the society introduced four limited company BTL products.
These include a limited company BTL 5-year fixed rate of 5.49% up to 80% loan-to-value (LTV), a limited company expat BTL 3-year fixed rate of 6.09% up to 75% LTV, a limited company expat holiday let 2-year discounted rate of 6.09% up to 75% LTV, and a limited company holiday let 2-year fixed rate of 5.79% up to 75% LTV.
The range includes options for day one special purpose vehicles (SPVs), first-time buyers (FTBs), and first-time landlords, with a flat product fee of £1,195.
Buckinghamshire Building Society also offers a 125% Interest Coverage Ratio (ICR) for limited company applicants.
While this range offers solutions for incorporated landlords to manage their properties, Buckinghamshire Building Society does not lend to portfolio landlords.
Instead, the focus remains on providing products for landlords seeking financing for individual properties.
Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said: “We’ve been carefully considering the launch of a limited company product range for some time, as we’ve observed a growing trend of landlords incorporating their portfolios in response to changes in tax regulations.
“This new range, which includes products for standard and expat buy-to-let as well as holiday let, allows us to provide focused support for these landlords while offering brokers a clear and compelling solution for their clients.
“We’re always actively reviewing our criteria to ensure we meet the evolving needs of landlords across the market.
“It’s about recognising a market shift and equipping brokers with the right tools to stay ahead.”
