There is certainly a wider choice of lenders and products for limited companies than ever before with some very competitive rates currently available. It is likely that we will see more lenders enter the limited company space and recent conversations with lenders have certainly indicated a growing interest in this area of buy-to-let lending.
Property Hawk Mortgages currently has a number of exclusive limited company deals including:
3.49% fixed for 5 years with a 125% at payrate rental calculation for limited companies with Foundation Home Loans. It has a flexible approach to assessing an applicant's suitability including:
- No minimum income requirement - income from any legal source is accepted
- No minimum employment period
- Available for limited companies - no maximum age
We have also seen a growing appetite from landlords for longer term fixed rates as those rates fixed for 5 years or more do not fall under the new ICR rules and tend to have more achievable rental calculations. There are also further options to arrange bridging and second charge buy-to-let finance for clients who may struggle with mainstream solutions.
Tel: 029 2069 5446
Your home may be repossessed if you do not keep up repayments on your mortgages.
The Financial Services Authority does not regulate some forms of mortgage.