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 3 years ago 1

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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.”

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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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Comments

by Howard Reuben CeMap CeRER

13:30 PM, 25th April 2018, About 3 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/


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