Providing loans to non-trading LLPs is now part of its standard lending policy and new applications will be subject to having personal guarantees for 100% of the loan from all LLP members and evidence that the company in non-trading.
Adrian Moloney, Sales Director for OneSavings Bank, comments:
“Following the Chancellor’s recent changes we introduced products designed specifically for property investors who were moving their investments into a limited company. We are pleased that we can now extend the same proposition to support LLPs.”
