Independent Financial Life Planners Bishop's Stortford: Do you want to be a 'company landlord'?

Tuesday, 1 March 2016

Do you want to be a 'company landlord'?

Enable’s IFA’s in Bishops Stortford know that a diverse portfolio is the best method for wealth management and with some already invested in property letting becoming a company landlord is an option. According to Mortgages For Business there has been a substantial increase in the number of buy to let mortgage applications made by limited companies. They suggest this indicates that more landlords are incorporating as a way of getting round some of the recent curbs on landlords’ mortgage interest tax relief.

According to Mortgages For Business, limited company applications accounted for 43 per cent of its new BTL activity in January - up from 38 per cent in December. “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” according to David Whittaker, managing director of Mortgages for Business.

The overall number of BTL applications dealt with by the company in January, from individuals and limited companies combined, was 27 per cent more than a month earlier - an indication that landlords are trying to beat the April 1 deadline when the government’s three per cent stamp duty surcharge comes in to effect on buy to let property purchases. “The increase is due to landlords trying to get as many purchases as they can complete before the surcharge, after which I would expect transactions to return to more considered levels” said Whittaker.

Source: Landlord Today

Issued by: Enable Independent Financial Life Planners •  25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

No comments:

Post a Comment

IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.