Quite simply it is a form of partnership which allows all partners limited liability. Previously, partnerships used to run the risk of partners being liable for partnership debts. Now, with Limited liability partnerships, it’s possible to be in a partnership without running the risk of losing everything you own.
Setting up an Limited liability partnership (LLP) is fairly straight forward and inexpensive. The LLP is formed by applying to companies house. Go to www.companieshouse.gov.uk
Advocate Finance Ltd has access to a panel of lenders who specialise in less mainstream lending. We can therefore provide expert advice and find you a lender who will consider a buy to let limited liability partnership mortgage.
Buy to let limited liability partnership mortgages are provided by most of the lenders that arrange Buy to let in a Limited company . The lending criteria is identical in most cases. Please click on Buy to let in a limited company for more information. We can also provide mortgages for buy to let in an offshore limited company.