Vida Homeloans has started accepting inter-company loans as a source of deposit and increased the limit on portfolio buy-to-let lending to £7.5m.

The lender says the changes are designed to give brokers greater flexibility and support portfolio landlords looking to expand and manage their property investments more effectively.

Inter-company loans will be considered for deposits on buy-to-let applications via special purpose vehicles where the applicant is an equal or majority shareholder in the trading company providing the funds.

Alongside this, the lender has increased its maximum aggregate exposure limit per borrower from £4m to £7.5m.

Vida says this change is to help landlords who wish to add to their portfolios or to consolidate mortgages on a number of properties with the same lender.

Today’s updates follow recent enhancements to Vida’s foreign national criteria.

Vida Homeloans proposition development lead Dani Hancock says: “These improvements are another important step in strengthening our buy-to-let proposition.

“Allowing inter-company loans as a source of deposit reflects the way many professional landlords operate and gives brokers a straightforward route to placing more complex structures with us.

“Increasing our aggregate exposure limit to £7.5m also means we can better support growing portfolios and long-term investor ambitions.

“Our aim is to create a lending environment that works with, not against, the realities of today’s landlord market and these changes form a key part of that mission.”