Limited company buy-to-let mortgage applications double in number.
Buy to let mortgage applications from limited companies have significantly risen over the last few weeks, as landlords prepare for tax hikes starting in April.
One lender to respond to this news is Aldermore, which has announced that it has reduced rates and removed fees on limited company mortgage product.
The reason that more landlords are opening limited companies is because they are still entitled to mortgage interest relief. Stamp duty can’t be avoided unless the business has a minimum of 15 properties.
With changes to buy to let due to come into force in April, we will wait to see what the effect on the market will be. The recommendation for now is that those looking to buy a rental property act without delay.
If you want to invest in property contact us at Deal Direct for advice and a low rate quote. We can help you climb on the rental property ladder.
If you want to know if property will still represent a good investment after April, we advise you to speak to an independent financial adviser. At Deal Direct we are regulated to offer mortgage advice, however we cannot advise you as to whether or not property is the right investment for your needs.
- Note – not all buy to let mortgages are regulated by the FCA.
For mortgage advice and a quote call 0800 048 8828.
