Limited company buy-to-let mortgages

A very buoyant buy-to-let market has led to an increase in competition from lenders, which in turn means better deals and lower interest rates. All this means very good news for the landlord. What is very significant is that all lenders are starting to increase the number of Limited Company products they are offering.

Figures just released show that lenders are taking the new tax changes that have affect landlords very seriously by increasing their product range.

Less than three years ago only a few lenders offered Limited Company buy-to-let mortgages but now this is all changing very rapidly. Currently over 65% of the lenders offer Limited Company deals and these numbers are increasing daily.

What is also very good news for the borrower is the wider range of deals that are on offer, from fixed rate through to trackers. All this is good news as competition in the Limited Company area hots up, thus driving down costs.

Significantly set up costs are reducing along with interest rates which goes to prove how valuable the lenders see this market.

The market picture

New figures from a leading provider show that applications made by limited companies hit a high of 44% and this figure is expected to continue rising. The provider pointed out that in December last year this figure was 32% of all applications received. The great news is that the figures also showed a very healthy 23% increase overall in June of this year.

These figures show that landlords have woken up to the fact that transacting business via a corporate vehicle is a very feasible option. Accountants around the country have confirmed recently that buy-to-let landlords are currently their largest growth area of business.

Need some help?

Times are very difficult for landlords at present with all the changes. It is vitally important to secure the correct mortgage deal whether that is a Limited Company product or not. We have fully qualified advisers who can answer your questions and assist you in making the correct decision to suit your needs now and in the future.