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Thursday, February 09, 2017

Limited company BTL lending

It is noticeable that the nature of the enquiries we get are becoming more complex and it is taking longer to find the appropriate lender for many cases. There has been a clear increase in the number of enquiries for limited company products, particularly because of the imminent tax changes in April and the more favourable rental calculations currently being used for limited company applications.

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
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