For large portfolios of properties some people may save tax to hold their properties in a UK limited company. Also for very valuable properties it may be useful to have one company just hold the one property as its sole asset and have little or no other trading activity.
It can be more tax efficient to hold multiple UK properties in one UK limited company.
Some people setup structures where a UK company acts as an agent for an overseas or offshore company to save tax or for asset protection. A buy to let mortgage for limited company is generally very similar to a normal mortgage with very similar terms.
Ravenwood Services know the lenders that are happy to lend to individuals acting for companies. Some of the high-street banks that we have arrangements with will lend on these terms also and the mortgages are exactly the same products as you see on the comparison websites. Ravenwood would never advocate applying for a mortgage from a comparison website as the likelihood of you being turned down is much higher as the borrower rarely knows each lenders exact criteria. Lots of credit checks for mortgage applications can knock down your credit score.
Here are some scenario’s:
Regulated finance companies:
Evolution Funding Ltd
Marsden Building Society
Royal Bank of Scot (Mortgage Centre)
Santander Cards UK (H Nichols) (I)
YBS T/A Chelsea Building Society
First Trust Bank
Masthaven Secured Loans Ltd
Santander Cards UK (Debenhams) (I)
Lifestyle Mortgages Limited (I)
Bank of Ireland Mortgages
Yorkshire Bank Default Only
Paragon Car Finance
Barclays Bank Plc (Woolwich)
Saffron Building Society
Pavillion Securities Ltd
RBOS Personal Loans
Blemain Finance Ltd – Moneycall Ltd