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Limited Company BTL mortgages are now available up to 85% LTV and rates start from 3.09%.
The buy-to-let market has been hit by numerous tax changes in the last couple of years. Two of the main ones being:
The restrictions on finance cost relief in particular has created a substantial increase in demand for Limited Company BTLs, which in turn has increased the number of lenders and products that are available for this market and this has caused a welcome reduction in the mortgage rates.
Before considering embarking on a purchase or re-mortgage in a Limited Company, the various Pro’s and Con’s should be considered:
The above is only an outline and professional advice should be taken from a competent commercial broker and specialist tax adviser.
As mentioned, the popularity of Limited Company BTLs has increased dramatically and this has increased the number of providers and products which has pushed down the costs, a trend that is quite likely to continue.
The differential in terms rates and LTVs for individuals and companies is narrowing on an ongoing basis.
In my next article I will be shining the spotlight on alternatives to traditional mortgage funding so please watch out for that.
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