This page is for Limited Company pilot brokers only.
Thank you for agreeing to be part of our Limited Company pilot.
- The maximum number of Directors/Shareholders is two
- An interest cover ratio of 130% applies to Buy to Let (BTL) applications (170% for HMO)
- We’ll only consider lending to Special Purpose Vehicles (SPV).
All Directors/Shareholders must meet our standard lending criteria.
Download our Limited Company product and criteria guide to view our dedicated product range and policy.
How to apply for a Limited Company product
Applications can only be submitted via our Limited Company application form
You currently can't submit Limited Company applications or obtain a Decision in Principle (DIP) through TMW Online.
- Please ensure you complete all relevant sections of the form. If information is missing it could delay your client's application.
- Once completed, please email the form to SCLoansAdmInPBS@nationwide.co.uk
Our specialist underwriting team will confirm the case requirements when your client’s application is submitted. In most cases, we’ll request:
- Proof of deposit (purchase applications)
- Property schedule
- 3 months' personal bank statements for all Directors/Shareholders
If you haven't met with the Directors/Shareholders 'face to face' then you'll be required to certify documents used to support your client's application.
If we're unable to verify your client electronically, we'll ask you to provide the Certificate of Incorporation.
We reserve the right to request additional information to satisfy requirements.
Limited Company FAQs
Yes, where the Company or its Directors/Shareholders own four or more mortgaged properties (either separately or in aggregate), portfolio landlord criteria will apply.
Yes, in line with personal borrowers. If your clients meet our portfolio landlord criteria, the portfolio must pass 145% rental cover at 4.50% (up to 10 mortgaged BTL properties) or 5.50% (11 or more mortgaged BTL properties).
If your client’s deposit is a Director’s loan, as the Company and its Directors are separate legal entities, we’ll require:
Gifts from individuals who are not Directors/Shareholders aren’t acceptable.
No, we aren’t insisting on separate representation.
Currently, we’re only accepting purchase or remortgage applications.
Yes, we will require first legal charge over the security.
Yes, applications where the Limited Company is purchasing property from one of the directors are acceptable.
Our usual procuration fees apply for Limited Company cases.
Useful guides and forms
Limited Company product and criteria guide
||Limited Company application form|
Deed of Guarantee
Bank statement guide
Gifted Deposit form