Buy-to-let offerings for limited companies double
The proportion of buy-to-let deals available to limited companies has doubled in one year, Moneyfacts research suggests.
This comes as the buy-to-let market remains under scrutiny as landlords are hit by several buy-to-let tax changes in recent times.
Charlotte Nelson, finance expert at moneyfacts.co.uk, said: “It feels like the buy-to-let market has been hit from all angles recently and this has left landlords feeling vulnerable and wondering whether it is still worth continuing in the buy-to-let sector.
“This has resulted in a shift in focus to limited companies, away from individual ownership, which is influencing not just landlords but also providers offering buy-to-let mortgages.
“With the extra pressure in the buy-to-let market and the added interest in limited companies, it is no surprise that lenders have leapt into action and started offering more deals to limited companies.
“Despite the boost in product numbers, borrowers considering this type of mortgage should be aware that they could find themselves on a more expensive deal compared to the rest of the buy-to-let market.”