The Mortgage Works will accept intercompany loans as a deposit option for buy-to-let (BTL) mortgage applications from limited company landlords.
The lender has also launched its modernised rebrand, to reflect the evolving needs of the industry.
It says that the change has been made in response to feedback from the broker community and will help to make financing more accessible for limited company landlords.
The Mortgage Works director of landlord Damian Thompson says: “Accepting intercompany 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.”
