07 November 2016
Since the implementation of the Stamp Duty changes in April, there has been an increase in Limited Company cases. Limited company cases accounted for 58% of all Buy to Let applications Kent Reliance received in June 2016. This is up from 40% in December 2015. With the new tax changes due to start from April 2017, levels of applications are expected to increase further. Typically landlords with a number of properties are being drawn to these products. The recent announcement from the PRA will have a significant impact for those landlords with 4 or more properties, and this will create further opportunities for limited Company BTL cases.
Kent Reliance offer solutions for Limited Companies and LLPs which are accepted on their standard interest rates. This is ideal for customers who wish to build their portfolios.
For further information you can visit their website here.