If you’re looking to purchase a buy to let property within a limited company / SPV (special purpose vehicle), the first thing you should do is seek advice from a tax professional or accountant to draw out the pros and cons of going down this route. If you decide it is a better option than investing in property under your own personal name, then getting advice on the mortgage options should be your next step.
Although there are a limited number of lenders that offer these types of mortgages, as they are becoming increasingly popular, more lenders are getting on board. There can be benefits in going down this route for those looking to invest with business partners, and given the changes to tax relief for landlords being phased in, they can be beneficial for higher/additional rate tax payers also.
Lenders will typically assess the application on the company director’s personal creditworthiness and income, so it’s not a case of ‘hiding behind the limited company’ but more a case of using it as a vehicle for a better overall outcome.
Whether you’re looking to buy your first investment property through your limited company or wanting to refinance / add to your portfolio, get in touch with us for advice on your best options moving forward.
Send us a message and we'll call you to discuss your requirements and explain the next steps.
We will always cover the cost of an initial consultation, so feel free to get in touch!