Finance for limited company to BTL in ScotlandMake Text Bigger
Does anyone have the inside track on why lenders seem to have been so slow to come up with more BTL mortgage products for limited companies, following the new tax measures announced in the Budget and Autumn Statement?
I have been looking into options for buying a property in Scotland and have been advised that currently there is just ONE lender prepared to do this kind of deal at 70% LTV, and the rate at 4.74% is almost double the rate on equivalent personal mortgage products!
It seems to me that landlords (those with a portfolio held in their personal name, rather than in a company) are between a rock and a hard place, with the tax changes pointing clearly to the corporate model as the way forward, yet lenders not coming up with anything sensible to meet the new demand.
Any constructive suggestions on the way forward?
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