ModaMortgages has introduced it’s now accepting simple layered limited firm purposes.
The lender’s new providing is aimed toward landlords who function by a limited firm construction sometimes consisting of a particular objective car (SPV) linked to one different firm.
The director(s) and shareholder(s) should collectively maintain a minimal of 75% shareholding throughout each the SPV and linked firm, limited to a most of 4 candidates.
ModaMortgages group gross sales director Darrell Walker says: “This newest growth to our standards exhibits how dedicated we’re to assembly the evolving wants of landlords within the ever-changing specialist purchase to let area.”
“We’re introducing this standards enhancement after listening to suggestions from brokers who advised us they had been receiving extra requests for simple layered limited companies from their shoppers.”
“By offering a simple layered limited firm providing resolution, we are able to now present extra complete help to landlords in search of alternative routes to construction their purchase to let holdings.”
