Special Purpose Vehicle (SPV)
Very CommonBorrowing through a property-specific SPV company
Advantages
- + Clean structure for single property
- + Preferred by many BTL lenders for exit
- + Easy to sell company with property inside
- + Ring-fenced liability
Considerations
- - Personal guarantees still required
- - Company formation and maintenance costs
- - Must be set up before purchase
- - Some lenders want minimum company age
Documentation Required
Newly incorporated or existing SPV
SIC code 68100 (Buying/selling real estate)
Personal guarantees from shareholders
Clean company with no trading history
Lenders Accepting Special Purpose Vehicle (SPV)
| Lender | Rate From | Max LTV | Notes |
|---|---|---|---|
| Shawbrook | 0.49% /mo | 75% | Preferred SPV structure for their BTL exit |
| Glenhawk | 0.50% /mo | 75% | SPV specialist, accepts newco |
| Together | 0.52% /mo | 75% | Flexible on SPV age |
| United Trust Bank | 0.48% /mo | 75% | Quick turnaround on SPVs |
| Precise Mortgages | 0.55% /mo | 70% | In-house SPV BTL for exit |
| Aldermore | 0.58% /mo | 70% | SPV with clean history only |
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