Fleet Mortgages has today (26th June 2025) announced changes to its lending criteria for limited company borrowers, with an overhaul of its policy on lending to Special Purpose Vehicles (SPVs).
The criteria changes mean Fleet Mortgages can now support more layered ownership models and corporate configurations, meaning it can be more flexible when it comes to the different company structures it will accept.
Fleet has updated its criteria to accept more of the real-life company structures brokers and their clients present each day.
The lender said the changes - live from today - were designed to better reflect the growing sophistication of landlord borrowing models and were a direct response to adviser feedback in this area.
For further information on this and to help advisers understand the changes, Fleet urged advisers to consult their BDM, plus it has updated its document which covers examples of the types of limited company structures Fleet will and will not accept.
The changed policy follows yesterday’s series of five and 10bps price cuts to a range of five-year fixed-rate limited company products across 55%, 65% and 75% LTV levels. Fleet also announced the introduction of £1,000 cashback on its 55% LTV limited company products.
Steve Cox, Chief Commercial Officer at Fleet Mortgages, commented:
“We know that a growing number of landlords are using limited company structures both to hold and grow their portfolios. These structures offer tax advantages, better succession planning, and greater control over portfolio management. But as these structures become more sophisticated, it’s vital lenders move with the market.
“That’s exactly what we’re doing with these changes. By expanding our criteria to accommodate more complex group structures, we’re providing advisers with more lending options to serve their clients, making it easier for professional landlords to secure the finance they need.
“This is not just a technical criteria update, it’s a reflection of our commitment to staying aligned with real-world company practices and ensuring Fleet remains a trusted, forward-thinking partner for advisers working with limited company landlord borrowers.”
