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  • Mortgages & Finance

    LTD Company Mortgages in 2017?

    Rates still seem to be a good 1% higher than your usual BTL mortgage.

    Is this generally what people are seeing on your standard 75% 2+5yr fixes? Mid 3%?

    Are there lower rates out there? Perhaps private banks? Challengers etc?

    I know it's not the worst thing in the world but yield in the South East is tough as it is.

    It would be great if people could share their experiences publicly for the benefit of all readers!

    I'm using this tool to find rates -
    http://www.mortgagesforbusiness.co.uk/bu...alculator/

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    We have access to the market (as independent Brokers) and the Ltd Company BTL (purchase) mortgage rates are as follows;


    (from 3, to 3.64%+)

    A mixture of Libor rates, fixed, discounted, stepped etc.

    Things to consider;

    Lenders are not punishing Ltd Company borrowing with restrictive stress tests, so you could possibly borrow more under this structure, succession planning is of course much easier via Ltd Company strategies versus personal ownership, banks who offer mortgages to Ltd Company borrowers tend to be the lenders who will allow greater portfolio sizes, etc.

    There are pros and cons for all types of borrower status, and of course specific tax advice should be consulted at all times.

    It's not all about the rates or fees, as so many other factors need to be considered too.

    At https://www.PTFS.co.uk we have a Team of Brokers who can assist with the mortgage solutions.

    Hope this helps.




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    Is this generally what people are seeing on your standard 75% 2+5yr fixes? Mid 3%?

    Not especially to name a few Paragon, Precise Mortgages and Kent Reliance - three of the most innovative BTL Lenders in the market are offering same rates for Limited Company Buy to Let as they are in personal name.

    There are rates available at Bespoke Finance as little as 3%, though you want to be looking at the True Cost (Term) and not rates Some lenders load on fee's to get there income which lets them advertise very low fees.

    In addition to this though RATES perhaps may not be the deciding factor in the South East. With the yield being very tight down there the new BTL Rental Stress Tests may be a deciding factor and unfortunately the "Mortgages for Business" calculator does not take that into account.


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    My posts are not financial advice, just a rambling guy passing time on a coffee break.
    The team at Bespoke Finance offers advice, including Limited Company Buy-to-Let , HMO Conversion and Cheap Life Insurance.

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