10:47 AM, 24th April 2018, About 3 years ago 1
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
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.
If you require assistance with any type of property finance please complete the form below and we will be happy to help
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous Article73% of Universal Credit Housing Association tenants in arrears!
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|