Vision for an independent organisation to represent UK landlords20:18 PM, 16th September 2018
About A week ago 59
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 Form
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.
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