{"id":21742,"date":"2018-10-25T12:39:58","date_gmt":"2018-10-25T11:39:58","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=21742"},"modified":"2018-10-25T12:39:58","modified_gmt":"2018-10-25T11:39:58","slug":"buy-to-let-loans-to-limited-companies-growing-in-popularity","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-au\/2018\/10\/25\/buy-to-let-loans-to-limited-companies-growing-in-popularity\/","title":{"rendered":"Buy To Let loans to limited companies growing in popularity"},"content":{"rendered":"

There has been a big jump in buy to let (BTL) lending to landlords trading as limited companies, according to a new report.<\/strong><\/p>\n

The Buy To Let Index from Mortgage For Business reveals that lending to limited companies from BTL lenders has risen by 47% over the past year.<\/p>\n

This marked uptick in lending is seen as a legacy of changes announced by the UK Government in July 2015, which phased out mortgage tax relief on landlords\u2019 finance costs. As a result, working as a limited company, rather than as an individual, has become an increasingly attractive proposition for landlords.<\/p>\n

The figures from Mortgage For Business show that there were 22 BTL lenders offering products for limited companies in Q3 in 2018, compared to 15 a year earlier. Among the new lenders are the West Bromwich Building Society, and Magellan Homeloans.<\/p>\n

Over the same period, the number of mortgage products on the market available to limited companies leapt from 263 to 628. Such companies now account for 44% of completed BTL mortgage transactions.<\/p>\n

Economic questions behind long term deal popularity<\/h4>\n

Wider uncertainty in the market<\/a> is possibly reflected in the fact that 96% of landlords opted for a fixed rate BTL mortgage, with nearly three-quarters of them opting for deals lasting five year.<\/p>\n

\u201cIt has been encouraging to see so many new entrants to the specialist end of the buy to let market in the last quarter, putting product availability at an all-time high,\u201d said Steve Olejnik, managing director at Mortgages For Business.<\/p><\/blockquote>\n

\u201cThis just goes to show there is still a lucrative, buoyant market out there following on from the recent regulatory changes.<\/p>\n

\u201cWith the uncertainty surrounding Brexit and the possibility of another Bank Rate rise in the near future, I am not surprised that the majority of landlords are choosing to fix. It will be interesting to see what knock-on effect this will have on the buy to let remortgage market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

There has been a big jump in buy to let (BTL) lending to landlords trading as limited companies, according to a new report. The Buy To Let Index from Mortgage For Business reveals that lending to limited companies from BTL lenders has risen by 47% over the past year. This marked uptick in lending is… Read more »<\/a><\/p>\n","protected":false},"author":3875,"featured_media":13380,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[26,6],"tags":[22,341],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/21742"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/users\/3875"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/comments?post=21742"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/21742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media\/13380"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media?parent=21742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/categories?post=21742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/tags?post=21742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}