It will depend on the type of application.
Buy-to-Let (BTL)
You can apply for a mortgage with Molo under your limited company.
Please be aware that currently, we can only support applications from limited companies that meet the following:
- are set up for the sole purpose of investing in the property i.e. SPVs (Special Purpose Vehicles).
The company SIC Code must be one or more of the following: 64305, 64910, 68100, 68209, 68310, 68320.
No other SIC codes will be accepted. - with up to a total of 4 directors and significant shareholders (with greater than 25% shareholding).
Each director and significant shareholder will need to provide a full personal guarantee.
Residential
Currently, we don't lend to limited companies for residential mortgages.