The Mortgage Works has started accepting intercompany loans as a deposit for buy-to-let mortgages from limited company landlords.
At the same time the business, which is part of Nationwide Building Society, is rebranding.
Damian Thompson, director of landlord at The Mortgage Works, said: “Accepting intercompany loans as a deposit is a prime example of how we listen and act on the feedback we get from the broker community.
“We understand the challenges limited company landlords face and know this new policy will provide greater flexibility and opportunity for them.”
“Our modernised brand reinforces The Mortgage Works’ overarching aim to support our valued landlords and brokers as we look to be a beacon for mutual good by playing a leading role in creating a stronger, fairer private rented sector.”
Jeni Browne, business development director at Mortgage Finance Brokers, said: “Our clients are eager to access The Mortgage Works competitive limited company rates and fantastic service, so it’s great to see them broadening their criteria to help even more landlords. We look forward to even more positive changes.”
