bil8999 Posted July 20, 2011 Report Share Posted July 20, 2011 Hi We have 25 properties in total 10 in limited company the rest in joint names, have just inquired about our first buy to let morgage on a property we would like to buy, would like to put this into ltd company but have been advised this may be difficult as lenders dont like to lend to ltd companies. Are other landlords in the same situation. Can you recommend a lender. Is it worth the properties being in a ltd company. Thanks in advance Link to comment Share on other sites More sharing options...
Melboy Posted July 20, 2011 Report Share Posted July 20, 2011 It's not impossible to obtain BTL money if you are a limited company but most lenders are not keen and won't even quote you and those that do will want a highr rate of interest payable on the loan arrangement. Mel. Link to comment Share on other sites More sharing options...
leepylee Posted July 21, 2011 Report Share Posted July 21, 2011 It is a lot more difficult to obtain a mortgage for a Ltd company but is still possible. Would be more than happy to help if you require any further information, don't hesitate to let me know. Link to comment Share on other sites More sharing options...
YesAdam Posted July 26, 2011 Report Share Posted July 26, 2011 You should contact a BTL Mortgage Broker - someone who specialises in commercial finance and landlord services. IT IS more difficult to purchase a property in a company - but if it already has assets as you say and a track record and has affordability it should not be too hard to accomplish. If you ask for Mark and call 01274 792 876 he will be able to help you with finance. Im not a financial adviser but did a "quick search" on their system for LTD company products available two are highlighted: Lender 1 - 4.55% Tracket (LIBOR +3.80) - 55% loan to value up to £750,000 loan amount. - Interest only or Repayment. - 3 to 30 years. Lender 2 - 4.74% Tracker (BBR + 4.24 ) - 70% loan to value up to £350,000 loan amount - Interest only or Repayment. - 5 to 25 years. Link to comment Share on other sites More sharing options...
bil8999 Posted August 2, 2011 Author Report Share Posted August 2, 2011 Hi Have decided that the best way forward on this will be to remortgage our own property then do a directors loan to the limited company to purchase additional properties, the ltd company then covers our repayments. Lower interest rates, lower setting up costs. Can anyone see a downside to this. Thanks in advance Link to comment Share on other sites More sharing options...
bil8999 Posted August 8, 2011 Author Report Share Posted August 8, 2011 Can we use the 7 year rule and gift the properties into a ltd company, avoiding tax? Link to comment Share on other sites More sharing options...
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