235 Limited company BTL fixed rate deals now available

235 Limited company BTL fixed rate deals now available

10:47 AM, 24th April 2018, About 6 years ago 1

Text Size

Post Section 24 mortgage interest relief restrictions for individual landlords and the increasing demand for Buy to Let in company names there is now a record 235 fixed rate BTL deals available for limited companies.

MoneyFacts.co.uk figures below show the number of Ltd co. BTL fixed rates available in the market has gone up by 193% since 2016.

Apr 13 Apr 16 Apr 17 Apr 18
Number of fixed limited company mortgages 17 80 212 235

Charlotte Nelson, financial analyst for MoneyFacts said: “The reality of last year’s tax changes hit landlords hard, as they were unable to claim tax relief. With things working slightly differently for limited companies, many landlords started to shift their focus from individual ownership to this type of private company.”

Show Book a Tax Planning Consultation

Please visit the book a tax planning consultation page to book your consultation!

Latest figures show that nearly 80% of all new Buy to Let purchases are now in the name of a limited company compared to the minority of purchases pre-Section 24 being announced in the Summer Budget 2015.

Incorporation Costs Less Than You Might Think

If you require assistance with any type of property finance please complete the form below and we will be happy to help

Form to Contact Property118

  • Please give us a few details so we can investigate and call you back

 


Share This Article


Comments

Howard Reuben Cert CII (MP) CeRER

13:30 PM, 25th April 2018, About 6 years ago

Interestingly, BM Solutions has today announced that they are not going to be offering BTL mortgages to Ltd Company borrowers. source > http://www.mortgagesolutions.co.uk/news/2018/04/25/bm-solutions-dampens-expectations-limited-company-market-entry/

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now