The lender said that the limited company deals aimed to “provide more flexible and competitive financing options for landlords operating through limited companies”.
Harpenden Building Society explained that there was a need for “tailored mortgage solutions that cater to the unique requirements of landlords” and its limited company BTL range offered “competitive rates, flexible terms, and a streamlined application process, making it easier for landlords to expand their property portfolios”.
The discount variable options start from 5.49%, while the fixed rates begin from 5.59%. Both go up to a maximum loan to value (LTV) of 75%.
The deals have a maximum loan size of £3m, permit up to 10 properties in a mortgaged portfolio and have no limit on background portfolio size.
The mutual also accepts holiday lets and Airbnb, first-time buyers, first-time landlords and non-owner occupiers.
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Harpenden Building Society also allows day one Special Purpose Vehicles, purchase of directors’ main residence and intercompany loans as deposits.
The products are available through the mutual’s network of intermediary partners.
Ben Richardson, commercial director at Harpenden Building Society, said: “We are thrilled to introduce our new limited company BTL mortgage proposition. This product is a testament to our commitment to supporting landlords and providing them with the best possible financing options.
“We believe that this new offering will help our intermediary partners better serve their clients and meet the growing demand for rental properties.”
