Furness BS launches limited company buy-to-let range

Furness Building Society has expanded its mortgage offering with the launch of limited company buy-to-let mortgages, giving brokers more flexibility when supporting clients purchasing or refinancing investment properties through a limited company.

The new range is available to eligible SPV limited companies across England, Scotland and Wales, covering standard buy-to-let, holiday let and specialist property types.

The range accommodates a variety of property types, including HMOs and multi-unit freehold blocks (MUFBs), alongside standard rental properties and holiday accommodation.

Furness is also opening up lending to first-time landlords, with no minimum landlord experience required. There is no minimum personal income requirement, with affordability assessed using an interest coverage ratio (ICR) model based on rental income.

The new products will be supported by Furness's manual underwriting approach and brokers will also have access to the lender's BDM team, who can review cases before a full application is submitted, helping brokers understand whether a client's circumstances are likely to meet the Society's criteria.

Jonathan Cartlidge, head of member and broker strategy at Furness Building Society, said: “Brokers are increasingly supporting landlords who choose to invest through limited companies, and we want to give them more options when finding the right mortgage solution for their clients. By introducing limited company buy-to-let mortgages, we're expanding our offering to support a wider range of property investors, including those taking their first steps into the rental market.

"Our approach combines flexible lending criteria with the personal service brokers expect from Furness. Whether it's a straightforward application or a case that needs a closer look, our team is here to understand the details and help brokers explore the options available.”