Limited Company Buy to Let Investment for Self-Employed Consultant
The Client: A self-employed consultant who already owned two buy to let properties in his personal name. Having sought expert independent tax advice, he decided that all future investments would be made through an SPV Limited Company.
The Property: A standard four bedroomed, detached property, in a strong rental area which is within commuting distance of the capital and close to local amenities and transport routes.
The Finance: The client was using surplus earnings from his consultancy business as a deposit for the purchase and wanted to take out a mortgage for the property via his SPV Limited Company.
The Challenge: The client was looking for a competitively priced, short-term fixed rate with minimum product fees in order to keep costs down.
The Solution: We have a strong relationship with a particular lender who only accepts Limited Company applications from a small group of brokers. Through them, we were able to get a competitive rate which, while not the lowest available, came with minimal product fees and a free valuation. For this client, those factors made it a better deal than just going with the lowest rate available. A successful mortgage offer was available within 10 days of submission. Here are the details: