Tenancy agreement options for Student lets
I recently setup a private limited company to purchase and rent properties from. I am currently obtaining a mortgage in principle and found some resistance when expressing I'll be renting out to students. As this is my first property the lenders have expressed they prefer landlords to have multiple properties with years of experience.
I was advised by an agent that I could set up a single tenancy agreement joint and several agreement for each student to sign off on but wanted to establish whether this would solve my issue of how lenders would classify this BTL.
Has anyone else with little to no experience of BTL's setting up through a ltd company experienced something similar and if so is there anything else I could demonstrate to appease their lending criteria.
Is there a tenancy agreement structure that binds all students to one agreement and thereby could be deemed to be a single let? Has this issue been
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