SPV Buy-to-Let Mortgage

SPV Mortgages for Buy-to-Let Property

Our SPV Buy-to-Let mortgage is designed to support property investors looking to expand their rental portfolios. We can SPVs with up to 4 directors, who combined, own at least 75% of the SPV between them. Just as is the case with all our Buy-to-Let mortgage variations, SPV mortgages are assessed on individual merits.

We’ll consider your background and that of your business setup when reviewing your enquiry or application. What’s more, we’re able to adapt to any business complications that may arise. Your claim will not be hindered by overseas income, credit impairment, or offshore trusts etc.

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SPV buy-to-let mortgage criteria & requirements

SPV Buy-to-Let mortgages designed with the wider financial world in mind. Loans of up to £3m available for single properties, or £10m for portfolio or professional landlords
SPV mortgages that can be processed just as quickly as our “regular” Buy-to-Let mortgages, with funding possibly being deliverable in mere weeks
A Special Purpose Vehicle Buy-to-Let product offering bridging-like speed and flexibility. You’ll be assigned an underwriter from day 1 who will support you throughout the process
Funding available to property investors from anywhere in the world, with the exception of sanctioned countries
Our SPV Buy-to-Let mortgages can be used for a range of property types across mainland England and Wales. This includes residential homes, new builds, flats above commercial properties, holiday lets and more
We have a number of affordability and payment tools at our disposal to aid your SPV mortgage requirements. For example, you may be able to utilise rolled-up interest plans, deferred interest, or top-slicing to progress your investment
SPV mortgages that provide optionality on multiple fronts. Our term length of 3 years offer the possibility of exiting earlier, while remortgaging onto other bespoke MFS products is an option for those planning for the long-term
A useful tailored product for property investors looking to share ownership in property and divide the proceeds or revenues effectively
SPV Buy-to-Let mortgages available for brokers and direct borrowers alike

Buy-to-Let Mortgage Calculator

Calculate how much you can borrow in seconds. Try our SPV buy-to-let mortgage calculator, add some basic information about your deal and find out how much you can borrow and what you need to pay back. Email the quote to yourself or your client for reference.

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5 simple steps away from your SPV mortgage

short-term buy-to-let mortgage

Step 1: Loan Enquiry & Indicative Terms

SPV Buy-to-Let mortgage applications start in the same way as all our specialist products do. You’ll need to send through an initial enquiry, which can be done over the phone, via email, or online. One of our dedicated underwriters will be in touch within 4 hours to attain a few details on your background and investment. We’ll then be able to provide an indicative tier, rate and loan size.

interest only buy-to-let mortgage

Step 2: Underwrite & Issue DIP

If you’re happy to progress, the underwriter will guide you on what initial documents are needed to move to the next stage. You’ll be issued with credit approved terms via a Decision in Principle (DIP). Our DIPs are verified by our internal Credit Committee and are usually issued within 24 hours.

interest only buy-to-let mortgage

Step 3: Valuation

Once you sign the DIP, and the initial fees are paid, we can get the property (or properties) valued. Your assigned underwriter will organise this, working with our internal panel of valuers to agree the best terms and timescales for your case. This valuation will verify the details on which the DIP is based. Usually, all of this is instructed within 24 hours of the fees being cleared.

short-term mortgage for buy-to-let

Step 4: Legal Documentation

Using only legal experts we know and trust, we’ll then instruct the solicitors involved to commence their due diligence. Throughout the process, you’ll be kept in the loop, and we’ll move to wrap up the legal steps as quickly as possible.

interest only buy-to-let mortgage

Step 5: Loan Drawn Down

Once everything comes together in the final stages, we’ll deliver the funding, which could be with you as early as a week from your initial enquiry. You will then be able to take the capital and put it to its intended use.

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Contact Us

Speak to one of our underwiters or BDMs on the phone, via chat or email about your case, however complex it might be. We will try our best to say yes to you, instead of finding a reason to say no.

Chat to our Buy-To-Let Team:

Email: info@mfsbtl.com

Phone: +44 (0)20 7060 5678

Chat to our Business Development Managers:

Email: brokers@mfsuk.com

Phone: +44 (0)20 7060 1234

SPV Buy-To-Let Mortgage

All you need to know:

What is a special purpose vehicle (SPV)?What is a SPV mortgage?Why do people invest through SPVs?Will applying through an SPV slow down my application?Can I apply for a SPV buy-to-let mortgage?Are there any limitations to MFS’ SPV buy to let mortgages?Does MFS’ SPV mortgage requirements include any additional fees?Are SPV Buy-to-Let mortgage rates higher than other forms of Buy-to-Let finance?

What is a special purpose vehicle (SPV)?

A SPV is usually either a type of limited company, trust, or partnership specifically set up by those looking to invest in Buy-to-Let property via a corporate set up.

What is a SPV mortgage?

A SPV mortgage is a financial product specifically designed with SPV setups in mind. At MFS, our SPV mortgages are for Buy-to-Let investments.

Why do people invest through SPVs?

If utilised correctly, SPVs may allow property investors to cut their tax costs. Income and/or profits via a SPV can benefit from corporation tax perks, dividend allowances, and other incentives. However, the rules around these tax benefits can be complicated and MFS is not a financial advisor. If you’re looking to minimise your tax bill, you will want to seek out guidance from qualified accountants or tax advisors and other professionals.

Will applying through an SPV slow down my application?

No, we’re able to work with corporate setups just as easily as we can with individual borrowers. In fact, on top of SPVs, we can issue funding to the self-employed, trading companies, LLPs and more.

Can I apply for a SPV buy-to-let mortgage?

So long as you have a deposit of at least 25%, we should be able to assist you with your Buy-to-Let investment. With over 16 years of experience behind us, we’ve developed expertise in overcoming any market related challenges. We’re happy to work with borrowers who may have an adverse credit history to their name, a challenging business environment, or even bankruptcies in their recent past.

Are there any limitations to MFS’ SPV buy to let mortgages?

Generally, SPVs setup specifically to hold/operate BTL properties, or relevant Trading Companies, or LLPs are acceptable. We can incorporate up to 4 directors who, combines, own at least 75% of the SPV. Also, shareholders who are under 18 or hold less than 20% are not underwritten.

Does MFS’ SPV mortgage requirements include any additional fees?

Across our tracker and fixed Buy-to-Let mortgages, there is an admin fee of £199 per property (max £995). This is non-refundable and paid with the valuation fee. But, there is no admin fee for existing MFS group customers. A debenture incorporating fixed & floating charge required to keep MFS informed of any future changes. Your application will be underwritten from day 1, so you’ll be absolutely clear on the fees you’ll need to pay from the outset. Furthermore, you won’t be hit by any unexpected or unwelcome costs.

Are SPV Buy-to-Let mortgage rates higher than other forms of Buy-to-Let finance?

We do not charge more for UK based SPVs compared to individual applicants. Across all our Buy-to-Let mortgage variations, the rates offered will be affected by your background and investment. Our mortgages are split into four tiers. These tiers ascend based on how complicated the investment. Tier 1 Buy-to-Let mortgages are for the most “standard”, while tier 4 loans are for particularly complex cases. The higher the tier, the higher the rates – reflecting the risks involved.