Limited Company (SPV) shareholders required to provide personal guarantees
Our standard acceptability
No
Criteria definition:
Indicates if we require shareholders in a 'Special Purpose Vehicle' Limited Company to provide personal guarantees as well as the 'Directors'.
Policy Notes:
Family Building Society does NOT require shareholders that are not directors to provide personal guarantees on SPV Ltd Company applications in addition to the Directors of the company.
Warning Notes:
Our maximum LTV is reduced to 60% where a personal guarantee is not being provided.
- Applicant
- limited company
Last updated:
29 August 2018