The Cambridge Building Society has entered the limited company landlord loans market.   

It launches three different five-year fixed rate products, stressed at payrate with an income coverage ratio of 125%.   

Borrowing ranges up to 80% of a property’s value, up to four applicants and a maximum loan size of £1m.  

Its lowest rate is a five-year fix at 75% LTV at 4.98%, with a £2,999 fee. 

The mutual says up to 10 properties can be held directly with the mutual, or a maximum value of £4m — with no limits on the number of properties held in the background portfolio.   

Directors’ guarantees will be taken against each mortgaged property. 

The Cambridge intermediary manager Kathy Bowes says: “With more landlords choosing to use limited companies for buy-to-let purchases, it was important for us to expand our offering.  

“This new proposition will help our intermediary partners to meet developing customer needs and provide greater choice in today’s evolving market.”