The lender will now accept limited company buy-to-let purchase applications, where the company is purchasing a property that is currently owned and lived in by one of its directors.

This is similar to let-to-buy transactions for standard buy-to-let cases. The Mortgage Works’ existing limited company product range will be available to these applicants.

The Mortgage Works senior manager, buy-to-let mortgages, Joe Avarice says:  “The Mortgage Works is one of the largest buy-to-let providers int he market and we remain committed to supporting all types of landlords.”

He said this change to the proposition was in response to feedback from landlords and brokers.

Dynamo sales and operations director Tony Field says it was good to see this change, enabling customers to purchase their residential home within a limited company structure to use as a buy-to-let. “This could offer a route to enter the buy-to-let market for the first time or indeed allow landlords to expand their portfolio,” he adds.