Huge Increase in Buy to Let Mortgages for Limited Companies

Buy to let transactions through limited companies jumped again in January to make up 43% of all new cases. This is an increase of 38% since December. Investing in buy to let through a limited company will become more attractive after the Chancellor phases out higher tax rate relief from April 2017.   David Whittaker, managing director of Mortgages for Business says “I wouldn’t be surprised if the percentage continues to rise as landlords prepare for the forthcoming changes to relief on finance costs.”

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