What are SIC codes?
Limited companies need to be registered at Companies House. When registering a limited company the person who registers the company can choose one or more SIC codes. SIC stands for Standard Industrial Classication. There are hundreds of different codes covering all types of industries and services. This short post will explain which SIC codes are recommended for registered an SPV for a BTL limited company.
Different lenders ask for different SIC codes than each other. However generally as long as you have atleast one of the SIC codes as per below then most mortgage lenders should be OK.
The SIC codes suggested:68100 – BUYING AND SELLING OF OWN REAL ESTATE68209 – OTHER LETTING AND OPERATING OF OWN OR LEASED REAL ESTATE68201 – RENTING AND OPERATING OF HOUSING ASSOCIATION REAL ESTATE68320 – MANAGEMENT OF REAL ESTATE
Generally as long as you have the above SIC codes registered for your S…