Buy to let
Over the past 10 years or so, buy to let has become a major growth area for mortgage lending and with house prices rocketing in the past, this has in turn driven many people to consider buy to let as an investment. With the financial crisis a few years ago however, this has led to a spotlight being brought on this area.
The government has also made it clear that it wants the market to cool down so has introduced new legislation such as abolishing higher rate tax relief on mortgage interest and a 3% extension to the stamp duty bands.
Another increasingly popular method of buying investment properties is whether or not you should start a limited company to hold property instead. This can be more tax efficient, depending on your circumstances, but also comes with many more formalities such as registering with companies house and submitting annual and audited accounts which are then published publicly so it is not a decision to be taken lightly! Given there are also fewer lenders and mortgage deals available to “buy-to-let” companies, this will typically give rise to increased fees and interest rates!
At Financial Fortress, we have the knowledge and experience to help landlords that have multiple properties or those just starting out. Your adviser will clearly explain all the costs, risks and benefits of all routes ensuring you make an informed decision including the taxation implications. We will scour the whole of market, taking account of each providers lending policy to bring you the very best deal. If you need an accountant or need help forming your company, we will work with your own experts or recommend local and reputable firms if required.
All our prospective clients receive an initial, face to face meeting at no cost to them
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