Another lender, Paragon has removed the requirement of a floating charge on all portfolio applications for limited companies, incorporated solely for the activity of holding and letting residential properties.
Searchlight Finance Limited is registered in England and Wales No.07929050
Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance.
ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.