Thursday, April 13, 2017
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Kent Reliance for Intermediaries is offering one of the most competitively priced buy-to-let limited company mortgages at 2.99%.
It is a two-year rate with a 3.34% discount off the 6.33% standard variable rate until 31 May 2019. At the end of this period, the mortgage reverts to the 6.33% variable rate. The overall cost for comparison is 6.05% APRC.
The 2.99% rate has a 1.5% arrangement fee for limited company mortgages up to £1 million, although this reduces to 1.25% for larger loans between £1 million and £3 million.
There are no early repayment charges applied to this rate.
Aaron Strutt, a director at Trinity Specialist Finance, says: “More of the lenders are starting to offer limited company buy-to-let mortgages and in March there were 288 rates to choose from.
“If you are planning to buy through a limited company, it is important you speak to your account to make sure it is tax efficient for you.”
Kent Reliance’s limited company rates apply to UK-based Special Purpose Vehicles, although Limited Liability Partnerships can also be considered. As part of the bank's specialist range, it also offers mortgages for HMO’s and student lets.
There is a maximum of four directors accepted on an application and they will be asked to sign a personal guarantee.
To secure a limited company buy-to-let mortgage, call Trinity Specialist Finance on 020 7016 6151.
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