From today, The Mortgage Works will accept intercompany loans as a deposit option for buy-to-let mortgage applications from limited company landlords.
The Mortgage Works is also ensuring it remains at the forefront of brokers and landlords’ minds as it launches its modernised rebrand, reflecting the evolving needs of the industry.
This change has been made in response to feedback from the broker community and will make financing more accessible for limited company landlords by expanding their deposit options.
More information on The Mortgage Works intercompany loans criteria can be found here.
Damian Thompson, Director of Landlord at The Mortgage Works, said: “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.”
“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.”
