Buy to let in a limited company
Limited company Buy to let (BTL) mortgages is an area we specialise in. Over the years we have arrangerd mortgages for all types of properties and customer types.
As of today we have 9 lenders that will provide these types of loans and this provides us with a wide range of solutions. One of the reasons we need to understand this area in detail is the different requirements that lenders have for directors and shareholders of the limited company.
One of the main lenders requires that all directors and shareholders are part of the application process and are UK based and another requires that the applicants control 80% of the shares.
With our wide range of solutions we have been able to arrange solutions for
1) Ltd company buy to let where one of the directors was not UK based
2) A ltd company where the two directors only controlled 50% of the shares and there was 8 shareholders.
For more information visit
http://www.advocatefinance.co.uk/buy-to-let/buy-to-let-ltd-company/