How to Apply for a Limited Company Buy-to-Let Mortgage
Given the repercussions of Section 24 of the Finance (No.2) Act 2015 on personally-owned properties[1], a growing number of investors are using Limited company buy-to-let mortgage to expand their portfolios. Although current capital costs are generally higher relative to individual purchases, competition amongst a wider pool of lenders may encourage better rates in the coming years (provided there are no macroeconomic circumstances that would force wholesale LIBOR and SWAP rates upwards). Checklist for Limited Company Buy-to-Let Property Purchases Applying for a Limited company (Special Purpose Vehicle) mortgage is arguably more complex than even the stringent Prudential Regulation Authority (PRA) regulations for individually owned property purchases / non “like-for-like” remortgages[2]. Extracted from our professional property investors eBook, the checklist below aims to summarise some of the key points to run through during the initial stages of the Limited company purchase process.... [Read More]