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Limited Company Mortgage with Non-UK Resident Shareholder
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cmdtrade
Posts: 2 Newbie

Hi all!
We have a Limited Company SPV for Buy-to-Let properties. We have two Directors (both UK citizens and UK residents) who are also the only two PSCs.
However, we have a third person who is a shareholder, but not a Director or PSC.
I was wondering, when applying for a mortgage, will this cause any complications for acquiring a mortgage? Will the lender run checks only on the Directors/PSCs, or will they require information from the Shareholders too?
We are trying to avoid the extra complication of the lender requiring paperwork/details from somebody living in the United States - just think this is a back-and-forth that will only add time and stress to the whole process.
Any advice would be greatly appreciated!
C
We have a Limited Company SPV for Buy-to-Let properties. We have two Directors (both UK citizens and UK residents) who are also the only two PSCs.
However, we have a third person who is a shareholder, but not a Director or PSC.
I was wondering, when applying for a mortgage, will this cause any complications for acquiring a mortgage? Will the lender run checks only on the Directors/PSCs, or will they require information from the Shareholders too?
We are trying to avoid the extra complication of the lender requiring paperwork/details from somebody living in the United States - just think this is a back-and-forth that will only add time and stress to the whole process.
Any advice would be greatly appreciated!
C
0
Comments
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Shareholders have no say in the day to day running of the Company. Lenders will have no interest in them.1
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That is great news.. Thanks so much!0
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