75 per cent of borrowing for buy-to-let purchases will be made through limited companies in the next year
According to one of Britain’s leading buy-to-let mortgage companies, over 75 per cent of borrowing for buy-to-let purchases will be made through limited companies in the next year.
The prediction from Foundation Home Loans comes shortly after a specialist mortgage broker released market survey results revealing that numbers are already well up compared to last year.
Buying property through a limited company
Broker Mortgages for Business revealed this month that lending to limited companies accounted for 30 per cent of all buy-to-let purchases in the first half of this year, compared to 18 per cent in the first half of last year.
They also say that the number of lenders offering products and the number of products available to limited companies has shot up.
This has, it seems, led to a surge of would-be landlords wondering whether they should buy their investment property through a limited company.