buy to let and commercial mortgages through an SPV with share holders.

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    On this occasion Gordon999 is incorrect in his assertions although his observations are normally very accurate .

    As I have already mentioned , lenders will only takePG’s from Directors and non-Directors but whose shareholding’s are above the threshold which could be as low as 20% and as high as 25%. therefore a shareholding below these levels would not automatically warrant the person being underwritten. The emphasis is that the Directors must have a major shareholding in the company and not be subject to being outvoted should there be a dispute between all shareholders .

    I hope this clarifies the position so far as the lenders criteria is concerned.


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