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Limited Company Buy to Let Mortgages

LIMITED COMPANY BUY TO LET MORTGAGE

BTL Mortgages to a Limited Company are not regulated by the FCA.

Most limited company Buy to Let Mortgages are only available through specialist brokers and we have direct access to the whole of the market. Due to recent changes in mortgage tax relief these are becoming more popular. Always ensure you take professional advice from a qualified tax accountant as limited company mortgages are not for everyone.

Whether you have a portfolio of one or several hundred then we have options for you.


POINTS TO CONSIDER WHEN COMPARING LIMITED COMPANY BUY TO LET MORTGAGES

  • Most lenders will only lend to a SPV (Special Purpose Vehicle) i.e. set up only to own property;
  • A smaller number will lend to trading companies;
  • The company does not need a track record;
  • Directors will have to personally guarantee the loan;
  • Directors are part of the application process;
  • Rent to interest cover- can be higher than a Buy to Let Mortgage;
  • Rates tend to be higher;
  • Underwriting of the mortgage tends to be manual;
  • Professional Landlords welcome;
  • More conditions within the mortgage agreement;
  • Interest only loans- how will it be repaid on expiry;
  • Term of loan- 25-40 years depending on age of directors;
  • Reverting interest rate- what you will pay after the initial period expires.

PRODUCT TERMS

  • Limited Company Buy To Let mortgages are available on an interest only, full repayment or part interest and part repayment basis;
  • Loan terms vary from 3-35 years;
  • Available to SPVs and Trading Companies;
  • Minimum property valuation £50,000 although with most it’s £75,000;
  • LTV up to 85%, but typically 75%.

Please ask us for a personalised illustration.

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Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

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