Bath Building Society BTL
SPVs from Day 1: Special Purpose Vehicles (SPVs) are accepted from day one of the client’s company formation, simplifying the process for newly formed companies.
Trading Companies Accepted: Trading companies can also apply for BTL mortgages, adding flexibility for clients with non-SPV limited companies.
Ltd Company or Personal Name: Bath Building Society accommodates both personal and limited company ownership structures for Holiday Let applications, providing flexibility to suit your client’s tax preferences.
Income Flexibility: They assess affordability based on either projected holiday rental income (across low, medium, and high seasons) or a standard long-term rental estimate, offering more adaptable calculations for holiday properties.
Personal Use Permitted: Up to 60 days of personal use of the holiday let is allowed, which offers clients dual benefits of rental income and personal leisure.
Up to 4 Directors on Application: This lender accepts applications with up to four directors, ideal for clients operating through larger limited companies with multiple stakeholders.
No Maximum Age: There is no maximum age limit, making Bath Building Society an attractive choice for older clients seeking BTL mortgages.
Minor Adverse Considered: They consider clients with minor adverse credit, and more importantly, they don’t rely on rigid credit scoring systems, providing a more human approach to lending.
Purchase from Personal Name into Ltd Company: If your client owns a property in their personal name and wants to transfer it to a limited company, Bath Building Society allows this through a simultaneous purchase arrangement, including the ability to create a new lease upon completion.
Flexible Property Criteria: The lender is open to considering various property types, including those that might not fit the standard criteria, making them suitable for more unique or complex cases.
Direct Access to Head of Lending: For particularly complex cases, we have access the Head of Lending directly for case-by-case assessment and flexible decision-making.
