CHL 1 acceptable SIC codes: 168100 | 68209 | 68320 | 68201 CHL 2 acceptable SIC codes: All SIC codes considered. Related words: Limited Company, Ltd Co, Limited Liability Partnership, Standard Industrial Classification
MUFB Size
We define a small MUFB has having up to 6 units and a large MUFB as having up to 10 units. Related words: Multi-unit freehold block
HMO Size
We define a small HMO has having up to 6 bedrooms and a large HMO as having up to 10 bedrooms. Related words: House in multiple occupation, units, share, student
Short Term Lets Availability
Available to both Individual and Limited Companies / LLP applicants. Only available on CHL 2 range. Related words: STL, holiday let, serviced apartment, Ltd Co
HMO Availability
Available to both Individual and Limited Companies / LLP applicants. CHL 1: Small HMO onlyCHL 2: Small & Large HMO available Related words: Ltd Co, SPV, House in multiple occupation
Landlord Experience
At least one applicant must own a residential or BTL property in the UK. Portfolio landlords must have a minimum of 12 months landlord experience. For HMO/MUFB properties (Small and Large) at least one applicant must prove they have owned a minimum of 1 BTL property for 2 years.
Applicant types
We lend to both Individuals and Limited companies /LLP’s. Up to 4 individual applicants or Limited Company Directors and/or Shareholders or LLP Members. Up to 4 Limited Company Guarantors. Guarantors must include all Directors and Shareholders with ≥20% controlling shares. Guarantors must together hold a minimum of 75% or more of the controlling share capital. …
Location
We will consider lending against properties mainland England, Isle of Wight and Wales. Related Terminology: Scotland, Ireland, where