New figures published by Mortgages for Business this week reveal that buy-to-let lending to limited companies – rather than to individuals – has increased sharply in the past year.
According to the data, mortgage lending to limited companies has increased by almost half (47 per cent) since this time last year, as more and more landlords opt to purchase their buy-to-let properties through a limited company structure.
Mortgages for Business says that this trend is ongoing – and that the pace of lending shows very little sign of slowing down in the months ahead.
It adds that banks and lenders are constantly adapting their products to suit this new trend, with three new lenders specialising in these kinds of mortgages coming to the market in the past quarter alone.
Currently, there are 22 lenders competing in the ‘limited company buy-to-let’ space – up from just 15 at this time last year, it said.
This means that there are now more buy to let mortgage products on the market than ever before, with approximately 628 different deals available to investors.
Landlords who choose to purchase properties through a limited company structure can enjoy a number of significant tax benefits – but this approach might not suit everyone and, for some, might actually turn out to be even more costly.
This is why it is important to seek specialist advice and weigh up all of your tax-planning options from the outset.
To find out how our expert team can help, please contact us.
