UK Limited Company Lending

Check your property rental yield is sufficient to support a mortgage. Skipton has a handy UK Buy-To-Let Mortgage Calculator to estimate the size of an offshore mortgage that might be available to you.

Basic criteria is detailed but for more information, please go to our Expat Guide and speak to one of our experienced Mortgage Sales team on +44 (0)1481 734000 or email us on buytolet@skiptoninternational.com.

• You must meet the criteria for a UK Mortgage which is outlined in this guide.
• Your limited company must only have a maximum of two directors.
• Your company must be registered as a limited company and must be registered in England and Wales, Guernsey or Jersey.
• Any guarantee is to be joint and several. Security is to be a charge over property being purchased/remortgaged along with a guarantee from all directors of the company.
• The minimum loan size is £100,000 and the maximum loan to is £5 million. 
• Maximum loan to value (LTV) is 65%.
• Maximum number of properties owned by the company is to be 10 (This includes properties owned as a result of the proposed purchase(s)).
• Limited companies must be incorporated for the principal activity of buying and holding residential property.
• There will be restrictions on Standard Industrial Classification codes (SIC Codes):

-68100: Buying and selling of own real estate.
-68209: Other letting and operating of own or leased real estate.
-68320: Management of real estate on a fee or contract basis.

• Independent legal advise (ILA) when signing the guarantee will be recommended but not insisted upon.
• The underlaying client(s) will need to establish a suitable property holding company (SPV) and a bank account with a UK provider in the name of the Limited Company.
• The application is submitted in the company name and will be supported by a personal guarantee from the director(s)).

An important point to note is that Skipton International cannot provide UK mortgages, if you (or a close family member) intends to live in the property during the original product period. Skipton International is limited to providing mortgages for UK Buy-To-Let properties only.

To ensure you are eligible to get a UK mortgage while living abroad, follow our step by step guide.

Interest is calculated on a daily basis and monthly payments must be made in arrears by direct debit on the first working day of each month. As with all mortgages, if repaid after the end of the period, interest to the date of redemption will be payable.

No early repayment charges following the end of the fixed period.

Please note the processing of your application will not commence until the UK Buy-To-Let mortgage application fee is received.

Can you answer Yes to all the questions on our Mortgages for Buy-To-Let Property criteria page?

All applicants are not a citizen of or resident in one of the countries that we do not support.

Skipton provides expatriate mortgages secured on properties located in England, Wales, Scotland, Guernsey, and Jersey. Unfortunately, we do not at this time support properties in Northern Ireland, the Isle of Man, or the islands of Scotland.

Check your property rental yield is sufficient to support an expatriate mortgage. Skipton has a handy UK Buy-To-Let mortgage calculator to estimate the size of an offshore mortgage that might be available to you.

Supporting documentation is important, please ensure that all supporting documentation is provided as requested in the UK Buy-To-Let mortgages application pack. Having each of your identity documents properly certified by a competent individual is essential.

Complete Skipton's UK Buy-To-Let mortgages application pack and fully complete. Please remember to read the declaration section carefully, print and sign the form where requested (including the direct debit form), wet signatures are required.

Via email buytolet@skiptoninternational.com

By post PO Box 509, Tudor House, Le Bordage, St Peter Port, Guernsey, GY1 6DS, Great Britain.

Provided your application is complete and meets our criteria we will then instruct a mortgage valuation. Sometimes we may request missing or additional information, therefore for your application to be quickly processed it is important that it is fully completed, and all requested supporting documentation is included. Unfortunately, in some cases we may decline applications prior to valuation, whereupon your application fee will be refunded.

Skipton operates a panel of approved RICS (Royal Institution of Chartered Surveyors) qualified surveyors across the United Kingdom, from which we may select one local to your property or use an automated valuation from a reputable provider. As you will have already paid the UK Buy-To-Let Mortgage application fee, which includes the costs of a mortgage valuation, we will NOT be requesting separate payment.

Once the valuation is completed Skipton will review to ensure that the sale and rental valuations are confirmed. Should there be an issue or concern Skipton will liaise with you to determine your preferred approach. In rare occurrences Skipton may decline an application at this point where the property is not considered sound security. Otherwise, Skipton will forward you a UK Buy-To-Let mortgage offer.

You will receive the UK Buy-To-Let mortgage offer by email. Please ensure that you read the mortgage offer letter thoroughly. You will be committing to the repayment of a significant sum and there may be early redemption clauses or conditions on the mortgage, ect, that you need to understand and be comfortable with.

If you with to proceed, please fully sign the Mortgage offer letter (for joint applications both parties must sign) in accordance with your proof of identity document, scan and return by E Mail within 14 days. Once the signed UK Buy-To-Let mortgage offer has been received and checked, Skipton will instruct solicitors.

In order to complete a house purchase please remember you are required to have your buildings insurance arranged in good time and ensure that the interest of Skipton International Limited is noted on the policy, as this can sometimes be a cause for delay.