Limited Company SPV

Limited Company applications are acceptable provided the company is registered in England, Wales or Northern Ireland and has been established solely for the purpose of the investment and management of property (SPV).

Where this applies, Quantum Mortgages will be prepared to accept the company as an Eligible Borrower.

Limited Companies

In such cases:

  • The maximum number of Directors is 4, of which at least one must be a UK resident (including those on a residency visa (i) leading up to indefinite leave to remain or (ii) where immediate family members such as a spouse or children are UK nationals)
  • All Directors do not have to be shareholders, but the combined shareholding of the directors must be 51% or more, either individually or aggregated.
  • The end beneficiary in any structure must be established and money laundering checks will be required on all directors, shareholders, and those with beneficial interests.
  • No minimum period of trading is required, and newly formed companies are acceptable.
  • Trading companies are acceptable corporate structures where Personal Guarantees are obtained from all applicants (regardless of the LTV).
  • Quantum Mortgages will accept new or existing SPV’s where we are the sole lender or where loans from other lenders are contained within the SPV, subject to no debenture being in place in favour of any lender and lenders rank pari passu.
  • Quantum Mortgages may, however, consider company’s where Debentures are held with other lenders subject to the quality of the case and Quantum Mortgages’ solicitors obtaining a letter of non crystallisation from the debenture holder as part of the legal due diligence.
  • SPVs under a holding company will also be considered where the SPV and the holding company have common directors and shareholders and the main company owns 100% of the SPV by way of shares.
  • The SIC codes for eligible companies must be anyone of the following four; 68100, 68201, 68209 or 68320

Other Corporate Vehicles

Other corporate vehicles and structures (i.e. LLP’s, Offshore Limited Companies) may be considered on a case-by-case basis where Quantum Mortgages receives unequivocal legal advice that the structure meets the legal requirements envisaged and the directors / majority shareholders are UK nationals, residing in the UK and able to enter a personal guarantee. Trading companies and trusts can be considered on the QML Pro range.

Product guide: 24.04.2025 v78

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