Limited Company Mortgage Experts
Committed to help you reach your goals
- No Up-Front Broker Fees
- Impartial Advice
- Access To A Panel Of over 90 Lenders
- We make sure you qualify for any deal before you apply
- Straight talking, no jargon service
- Covering all of the UK
THE FINANCIAL CONDUCT AUTHORITY DO NOT REGULATE SOME FORMS OF BUY TO LET.
YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances and will be agreed with you before proceeding but estimate this to be £1000 (£250 on application and a further £750 at offer).
Completing our form does not affect your credit rating
Complete our quick online form for a FREE quote or call us on 01256 327019
Completing our form does not affect your credit rating
For a FREE MORTGAGE QUOTE please complete our quick online form or call 01256 327019.
Who We Work With
We have the privilege to access an exhaustive panel of lenders including high street and expert lenders. Our strong business relationships equip us to cater for all types of client requirements . Whilst servicing Fist Time Buyers, Home Mover’s and Remortgage clients we also cater for Government schemes like shared ownership, and expert mortgages like adverse credit and Limited Company Buy to let’s.
What are Special Purpose Vehicles (SPV’s)?
Investment in buy to let properties has been increasing for a number of years and the recent tax changes are encouraging many people to consider creating a limited company to benefit from the lower rate of corporation tax as opposed to income tax charged on earnings generated from rental income.
Special purpose vehicles (SPVs) exist for the purpose of buying, letting and selling of property therefore in general, mortgage lenders find this type of company much easier to deal with from an underwriting perspective. Consequently, there are more mortgage options available for SPVs as well as more favourable interest rates.
Typically, most lenders will only consider mortgage applications from SPV’s and will not accept more than four directors.
Whether you are looking to buy your first investment property, or you’re expanding your portfolio, HLSA Financial Services are experts who can save you time and money by finding the right mortgage for your circumstances.
Steps to arrange your Limited Company/SPV buy to let mortgage
- Register as a limited company with Companies House using one or all of the applicable SIC Codes; 68100, 68201, 68209 & 68320.
- Get in touch. Call us on 01256 327019 or complete the enquiry form. We will ask you a few questions to see if we can secure a mortgage for you.
- We search the mortgage market and get you competitive rates.
- We make your mortgage application and sort out all the paperwork (subject to all documents being provided). You can provide the Decision in Principle to the estate agent.
- Complete your mortgage.
Our Customer Reviews Speak For Themselves
Completing our form does not affect your credit rating
Pros & Cons of Limited Company Buy to Let’s
Pros
- Limited company profits are subject to corporation tax at only 20%, reducing to 17% over the next few years, meaning that higher rate taxpayers might benefit from holding long term investment properties in a company structure.
- Due to the fact that limited companies are separate legal entities, personal liabilities for financial dealings can be ring-fenced.
- Change of Ownership is easier because the company will own the property – the companies directors or shareholders can be changed.
- Children can become shareholders of your limited company. This would mean that when the property is sold the proceeds would be distributed between the shareholders. This would still be taxable but not at the same level as inheritance tax.
Cons
- More admin to consider when operating a company structure, which could give rise to an increase in your professional fees.
- You may pay slightly higher interest rates because choice of products is more restricted for limited companies compared to individual buy to let mortgages.
- Mortgage lenders will want a “Personal Guarantee” which is you agreeing to be liable for the mortgage debt of the company.
- Transferring a landlord’s property from an individual’s (or couples’) name to that of the business makes them liable for stamp duty of:
If buying a property through your limited company is something you have been considering, there are many pros and cons to be considered especially in relation to taxation, we highly recommend you seek advice from your Accountant/ tax advisor before making any decisions.
How can HLSA Financial Services Help?
When it comes to Limited Company Buy to Let mortgages, many areas of criteria define which lenders will be willing to lend. At HLSA Financial Services we pride ourselves in the years of knowledge and experience behind us, ensuring that your mortgage application is dealt with in a streamline, efficient manner with respect to your time ensuring time is not wasted with lenders that are not suitable for your personal requirements and circumstances.
We take a consultative based approach to help our clients build their property portfolio’s with the intention to being our clients choice of Broker for a life time.