Limited company mortgage
Liz Syms, CEO of Connect for Intermediaries, emphasises the crucial role of comprehending deposits in facilitating limited company mortgage completions. In the ever-evolving landscape of buy-to-let investments, advisers find themselves dedicating substantial time to grasp a myriad of changes, ensuring they can continue offering prudent guidance to their clients.
One significant change, the alteration in mortgage interest tax relief, has prompted a shift in investor preferences towards opting for limited companies for their buy-to-let ventures. Despite the significance of this change, many investors remain oblivious to its implications. As the phased implementation of the new tax regime unfolds, some investors are now grappling with higher tax bills, leading them to seek counsel from mortgage advisers to navigate their options.
Traditionally, there exists a consensus within the market that advisers should avoid delving into tax advice, instead encouraging clients to seek specialized guidance from tax advisers. However, in cases where clients, armed with informed advice, decide to transition their property portfolios from individual ownership to a limited company structure, advisers find themselves at a juncture where in-depth knowledge of this specific domain becomes imperative.
In light of these developments, advisers are increasingly called upon to stay abreast of the intricate tax implications and provide nuanced insights into the potential benefits and pitfalls associated with the transition to a limited company structure. As the financial landscape continues to evolve, the ability of advisers to navigate and impart specialized knowledge becomes paramount in guiding clients through these intricate decisions.
Limited Company Mortgage | Key Questions