Applications made by limited companies accounted for 43% of all
buy-to-let transactions in January, analysis from broker Mortgages for Business
has revealed, up from 38% in December 2014.
The total number of buy-to-let mortgage applications (made by
both individuals and limited companies) rose by 27% in January compared to
December 2015.
Managing director of Mortgages for Business David Whittaker said: “Landlords
have woken up to the fact that transacting via a corporate vehicle is a
feasible option and in many cases, the most prudent route going forward. I wouldn't be surprised if the percentage continues to rise as landlords,
especially the higher tax rate-paying ones, prepare for the forthcoming changes
to relief on finance costs.
“The increase is due to landlords trying to get as many
purchases as they can complete before the stamp duty surcharge comes into
effect on 1 April, after which I would expect transactions to return to more
considered levels.”
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