Portfolio Landlords and Limited Companies
Portfolio Landlords
A portfolio landlord typically owns four or more Buy to Let properties, either individually or jointly. Managing a substantial collection of rental properties requires meticulous record-keeping, including property values, outstanding mortgage balances, tenancy end dates, and rents charged. When arranging new lending, this information is critical.
Many lenders specialise in lending to portfolio landlords, with specific criteria and underwriting processes. Lending can be arranged on a standard Buy to Let or Limited Company basis, depending on the portfolio structure.
Limited Company Lending
Limited Companies are increasingly popular among landlords and property investors. An SPV (Special Purpose Vehicle) Limited Company is often set up solely for purchasing and renting out property. Lenders prefer SPV Limited Companies as they are easier to underwrite and perceived as lower risk. With more lenders entering this market, interest rate pricing has become more competitive.
Benefits of Limited Company Borrowing
There are several advantages to using a Limited Company for property investment. One of the main benefits is potential tax savings. With a Limited Company structure, you pay corporation tax on rental income, which can be more cost-effective for those in the 40% higher-rate income tax band. This makes it an attractive option for portfolio landlords. However, always seek professional tax advice before making any investment decisions.
Limited Company structures also offer more generous lender stress tests, allowing you to borrow more per pound of rent. While Limited Company mortgage rates can be higher, the difference is not significant, and some lenders offer the same rates to both individual and Limited Company borrowers.
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Investment Property: Frequently Asked Questions
What is an investment property mortgage?
An investment property mortgage is a loan specifically designed for purchasing properties intended to be rented out, such as Buy to Let mortgages.
Who qualifies as a portfolio landlord?
A portfolio landlord is someone who owns four or more Buy to Let properties, either individually or jointly, and requires meticulous record-keeping for mortgage and rental details.
What is a Limited Company mortgage?
A Limited Company mortgage is a loan provided to a Special Purpose Vehicle (SPV) Limited Company set up solely for purchasing and renting out properties.
Why choose a Limited Company for property investment?
Using a Limited Company for property investment can offer potential tax savings and more generous lender stress tests, making it a cost-effective option for higher-rate taxpayers.
Are Limited Company mortgage rates higher?
Limited Company mortgage rates can be higher, but the difference is not significant. Some lenders offer the same rates to both individual and Limited Company borrowers.
How can Finance Factors help with investment property mortgages?
Finance Factors provides expert advice on investment property mortgages, helping both seasoned and new investors make informed decisions. Contact them for impartial guidance.
What information do portfolio landlords need to provide when arranging new lending?
Portfolio landlords need to provide details such as property values, outstanding mortgage balances, tenancy end dates, and rents charged.
At Finance Factors, we aim to take the FAFF out of Finance, providing you with the support and expertise you need to make sound investment decisions. Explore our guides for more information on the house buying process, remortgaging, and various protection options.
Phone: 07785 954074
Address: 2 Kingsbroom Court, Kingswood, Maidstone, England, ME17 3ST
Email: kbl@financefactors.co.uk
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOANS SECURED AGAINST IT.
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Finance Factors is a Trading style of Finance Factors LTD who are an Appointed Representative of Advice Solutions LTD which are Authorised and Regulated by the Financial Conduct Authority. The Financial Service Register Number is 961681.
The Financial Conduct Authority does not regulate some forms of Buy to Lets.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances, but will be agreed with you before proceeding.
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We always aim to provide a high-quality service to our customers. However, if you encounter any problems, in the first instance please write to the registered address above, email or call Finance Factors outlining your complaint, if we are unable to resolve this, you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service (www.http://www.financial-ombudsman.org.uk/consumer/complaints.htm).
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Some calls maybe recorded for training and monitoring purposes.