Latest research has found that Buy to Let landlords are increasingly using limited companies in order to purchase a property. This was reported in What Mortgage Magazine in January*.
According to the latest figures, purchases by Buy to Let investors through a limited company in December accounted for 38% of total Buy to Let business. This is an increase of 15% on October’s figures.
What this means for Buy to Let investors
Adam Nanson, Independent Mortgage Broker from Your Mortgage Expert comments:
“Since the Chancellor announced in his Autumn Statement that he was planning to increase Stamp Duty for those purchasing a second home, there has been a great deal of interest in the Buy-to-Let market.
“However, those purchasing thought Limited Companies with more than 15 residential properties are currently exempt from the Stamp Duty increases**. It therefore makes sense that an increased number of investors with a number of properties would choose to purchase in this more tax efficient way.”
How Your Mortgage Expert can help
Adam continues: “We have experience of working with landlords who have simple portfolios to those that are more extensive and complex. We are therefore used to arranging mortgages for Buy to Let investors through limited companies as well as directly.
“We offer a comprehensive range of mortgage products from across the market. And, we also have knowledge of the new products that have recently been launched by providers and the affordability calculations modifications that have been made in response to Stamp Duty changes***.”
To find out how Your Mortgage Expert can help you maximise the growth from your investment, contact Adam on 01722 322683. We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section.
The information contained within this article was correct at the time of publication. It is intended for information only and should not be used as a basis for purchasing any products. TenetLime cannot be held responsible for information that was correct at the time but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683.
Most forms of Buy to Let mortgage are not regulated by the Financial Conduct Authority.
Please be aware that from 6 April 2016 higher rates of Stamp Duty Land Tax will be applied to the purchase of additional residential and non-residential properties. For further information visit the Government website on the consultation. Please note, by clicking on the link you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Please note, by clicking on the below links, you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.