Use the calculator to compare limited company mortgages based on actual property and deposit values.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There are a number of ways to invest in buy to let.
Be sure to seek appropriate professional tax advice before proceeding.
Due to the recent government tax relief changes on buy to let, landlords are now considering purchasing property as a limited company.
They are not subject to the same tax relief changes. This makes them a potentially cost effective method of maintaining and expanding portfolio profitability.
As well as this, there is no income tax to pay when reinvesting profits to buy further properties. This means you may be able to grow your portfolio much quicker.
Corporation tax is payable on your profits, which is currently 20% (this will be cut to 17% by the year 2020).
Speak to a tax professional for definitive advice.
If you buy to let through a limited company, the company is commonly set up and known as a special purpose vehicle (SPV) that exists only for the purchase of property and related business, such as management and disposal.
The majority of lenders will require your limited company to be an SPV, however we do work with some lenders who will accept applications from currently trading companies.