Limited Company Buy to Let
Following tax changes for those owning buy to let properties personally, limited company mortgages have become more popular almost overnight. There will be a gradual tapering down of mortgage interest relief for personally held buy to let mortgages starting in April 2017, until the full impact hits in 2020 when tax relief is proposed to be limited to basic rate tax only for mortgage interest payments on buy to let properties.
- GRD Financial Services Ltd charge a broker fee on application of £387: In addition GRD also receive commission from the provide.
Of course taking specialist tax advice is always necessary, but this is a serious route to consider when buying investment property nowadays given the changes. The company itself can be brand new and have little or no track record or trading history, in fact lenders much prefer this to a trading business as your assets are ring fenced away from the risk associated with a trading company. Click here
for GRD Ltd terms of business, initial Disclosure Document for Buy to Let business.
Your property may be repossessed if you do not keep up repayments on your mortgage.