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Ltd Co BTL transactions rise again in January

Applications made by limited companies accounted for 43% of all buy-to-let transactions in January, analysis from broker Mortgages for Business has revealed, up from 38% in December 2014.

The total number of buy-to-let mortgage applications (made by both individuals and limited companies) rose by 27% in January compared to December 2015. 

Managing director of Mortgages for Business David Whittaker said: “Landlords have woken up to the fact that transacting via a corporate vehicle is a feasible option and in many cases, the most prudent route going forward. I wouldn’t be surprised if the percentage continues to rise as landlords, especially the higher tax rate-paying ones, prepare for the forthcoming changes to relief on finance costs.

“The increase is due to landlords trying to get as many purchases as they can completed before the stamp duty surcharge comes into effect on 1 April, after which I would expect transactions to return to more considered levels.”

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  • Peter Lassman

    This is also because the Govenrmentis acting with Lenders to try to stop Small BTL investors like myself, I have 7 properties yielding pax 15% after all bills but before TAx yet I am constantly getting knock and it's costing mr Hundresds of pounds in lost and wasted FEES because Brokers do either not know the Lending Criteria for the offer or Lenders are changing the criteria mid process, it is Disgusting clearly this Bovern,end favour Larger BTL companies one property was yielding 17 % after bills and was told my sums were wrong and the property would never get the rent I quoted, Yet it had tenants paying £975 already in it who wanted to stay on, total codswallop, have others had this Problem getting Mortgages Peter


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