Limited Company Buy to Let Mortgages

WE OFFER A WIDE RANGE OF SOLUTIONS AND STRATGIES FOR LTD CO BUY TO LET

Mortgages up to 85% LTV
Generous ICR Calculations

Up to 8 Directors

Smart share structures permitted / Children can be shareholders up to a certain %

Existing equity in a property or portfolio can be used as deposit

Inter Co Loans can be used as deposit

Overseas Directors can apply

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Ever since the removal of interest rate relief on Buy to Let mortgages and replaced with a 20% tax credit instead, buying via a LTD Co has gained momentum especially where the buyers are higher rate tax payers and where future tax and inheritance tax planning is important from the outset.

Tax advice should be obtained to make sure your objectives can be met via this route as getting it wrong can prove to be a costly mistake.

Loan calculations are more generous but interest rates are higher than in personal names but all the interest can be off-set against the rental income. The profits are taxed at corporation tax rates.

Loans are available to SPV’s ( Special Purpose Vehicles formed especially to hold and run a property letting business ) with an acceptable SIC Code.

The market is very complex and loans can be made to on-shore and off-shore concerns and allow non-resident directors.

Personal Guarantees are usually required.

Why choose us?

Here are a few reasons to choose Chess Mortgages.

Experienced advisers

We’ve been advising clients on mortgages for over 40 years.

We move fast

No need to wait; we respond & process applications quickly.

Whole of market

We scour UK lenders, private banks & offshore lenders for deals.

What you need to know…

Does the Ltd Co have to be formed in England/Wales?

For a wider lender choice yes but the company be based off shore in other jurisdictions if your tax advisers have set it up that way

Are rates higher for non UK companies ?

Yes the rates reflect the risk

Can I get away with not giving a personal guarantee?

Not usually but some private banks may take a view if the risk is low

What our clients say…

"Excellent service and I would highly recommend to others"

Had the pleasure of instructing Chess Mortgages. Jaz was incredibly professional and impressive in her handling of my remortgage application. My application was dealt with within a week! Excellent service and I would highly recommend Jaz to others. Thank you Jaz!

Shaida Hussein

"Award winning mortgage advisors & I can see why"

Bob stepped in at very notice to assist us when we were in danger of missing out on our perfect home. We were impressed with advice we'd seen Bob provide on a forum, which was clear and sensible. It was later we found out that Chess are award winning mortgage advisors and I can see why.

Iftikhar Ahmad

"Chess was by far the best decision we made in looking for a mortgage"

I can't thank Jaz and Bob enough for their efforts in helping my wife and I in secure a mortgage. The process was effortless and they took weight off our shoulders. Having gone through getting a mortgage a number of times, I can safely say using Chess was by far the best decision we made. I will be using them again.

Shamit Rooproy

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