More and more consumers are opting for limited company mortgages over traditional mortgages. The distinct benefits that come with this type of mortgage make it a tempting opportunity for many, and the skyrocketing interest rates on more traditional mortgages are only adding to the appeal.
A Limited Company mortgage is an advantageous method to invest in real estate through a UK-based Special Purpose Vehicle (SPV) by minimising taxes. We can also assist clients who want to buy or remortgage their homes through an LLP for Buy-to-Let properties.
While these kinds of finance are currently relatively uncommon, tax benefits of buying property through a limited liability company may be significant to many investors with small or large portfolios, particularly for higher rate taxpayers.
There are a number of key benefits that come with choosing a limited company mortgage over a traditional mortgage. These include:
If you are interested in getting a limited company mortgage, the process can be a bit daunting. However, with the help of a good mortgage broker, it can be relatively easy.
The first step is to find a good broker who has experience in arranging limited company mortgages. They will be able to guide you through the process and help you find the best deal for your circumstances.
Once you have found a good mortgage broker, the next step is to gather together all of the required documentation. This includes things like your last three years’ worth of accounts, your company’s Articles of Association, and your personal financial information.
The final step is to submit your application to the lender. Once your application has been approved, you will be able to start the process of arranging your mortgage.
When considering a limited company mortgage, there are several factors you will need to take into account. These include:
When it comes to the process of obtaining a mortgage, there is a big difference between getting a traditional mortgage and getting a limited company mortgage.
With a traditional mortgage, you simply need to provide your personal financial information and the financial information for your home. The lender will then use this information to decide whether or not to approve your mortgage.
With a limited company mortgage, you will also need to provide the financial information for your company. This includes things like your last three years’ worth of accounts and your company’s Articles of Association. The lender will use this information to decide whether or not to approve your mortgage.
Overall, the process of getting a limited company mortgage is much more complex than the process of getting a traditional mortgage. However, with the help of a good mortgage broker, it can be relatively easy.
At a time and on a day of your choosing, please contact one of our property experts to book an appointment. Initial consultations are free and last around 30 minutes. Please reserve your spot by clicking the button belowPhone Mortgage Appointment Lettings & Estate Agents Appointment Insurance Appointment