Limited companies explained:
A Single Purpose Vehicle (SPV) is a limited company set up solely for investment in property.
There are standard industry classification codes related to each limited company called SIC codes. The typical codes for an SPV are:
For the company to be classified as an SPV, it must have one of these SIC codes and not trade in any activity other than the renting of properties.
A limited company involved in property development for resale rather than holding it as an investment, would be classified as a trading ltd company.
Therefore, if you wish to solely use the limited company for the purpose of renting out properties, an SPV is the best solution; there is no limit on the number of Buy-to-Let properties you can own.
Limited Company Buy-to-Let mortgages come in two types:
The maximum is 4 directors.
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Advantages of Ltd Companies
Disadvantages of Ltd Companies
Important Information
ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
We are a credit broker not a lender.
Advocate Finance Ltd, registered at 55 Crown Street Brentwood, Essex CM14 4BD. Company Register number is 05579380. Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 592830.
You can check via www.fca.org
We are registered with the ICO, Z1654205 and you can check via www.ico.org.uk.
We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority. We source mortgages and loans from a panel of lenders.
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Advocate Finance is a mortgage and finance brokerage firm that specializes in securing loans and mortgages for various types of properties, including single properties, large portfolios, commercial sites, and development projects. They assist clients regardless of credit history, circumstances, or legal ownership, aiming to provide tailored financing solutions