Buy to let
Buy to let
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Request your FREE 1 hour consultation
Buy to Let Mortgages
Whether you are looking to purchase your first investment property or you’re an experienced landlord, Newhouse Financial Services are on hand to offer expert, Buy to Let advice.
We have whole of market access to a comprehensive range of BTL mortgage lenders. This ensures that you receive the best tailor-made advice whether you are buying a new investment property or re-mortgaging an existing one. We have been providing expert advice on BTL mortgages for many years and have a large number of landlords as clients.
With new regulatory changes surrounding lenders rental calculations and new lenders entering the market, expert advice could be invaluable when sourcing the correct BTL mortgage. We have many exclusive mortgages that can only be found through specialist brokers’ like ourselves as well as the 'off the shelf' products that are found on the high street.
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Please call us or drop us an email for further information. Our contact details can be found here
We work alongside a national lettings agency, so together we can also help you find the perfect tenant as well!
You may have to pay an early redemption charge to your lender if you remortgage.
Our Process
1
Free, Impartial Mortgage Advice
There's absolutely no pressure to buy from us - just friendly, helpful advice from our professional team.
2
Compare The Market
We have access to a wide range of mortgages with some exclusive products not available on the High Street. Let us do all the hard work and find the most suitable deal for you.
3
Manage Your Application
Your advisor will help you with your application from start to finish. From the initial application to you collecting the keys to your new home, and everything in between!
Limited Company & SPV Mortgages
If you already own a Limited Company and are looking to purchase a new property, getting a mortgage can be tough but not impossible. While some mortgage lenders will consider lending mortgages to trading companies, most will only lend to Special Purpose Vehicles (SPVs).
An SPV is a Limited Company designed especially for the purpose of Buy to Let activities i.e. the purchase/remortgage of residential properties for letting. Limited Company mortgages & SPVs are becoming increasingly popular ever since the Chancellor announced plans in 2015 to cut landlord tax relief. The higher-rate taxpayers who own buy-to-let properties will pay more tax, and because of this, Limited Company mortgages & SPVs are set up by landlords moving away from the traditional buy-to-let business models to limited companies.
Some of the benefits of a Limited Company or SPV include:
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Higher Tax Relief - Paying corporation tax on a limited company (which will be 18% by 2020) could be more beneficial than paying income tax on the property without the tax relief that has historically applied.
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Personnel funds can be drawn back out of the company – Any funds that you inject into your Limited Company. (e.g. mortgage deposit) can be drawn back out by way of directors loan.
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No income tax when reinvesting profits to secure more properties – Generally you will be able to grow BTL portfolio more quickly within a Limited Company. as there will be no income tax on the retained profit, meaning more cash to re-invest.
Things to consider:
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Higher Mortgage Rates – Generally speaking most lenders charge higher interest rates and fees for limited company mortgages compared to personal Buy to Let mortgages
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No Capital Gains tax allowance – Whereas an individual selling a personal Buy to Let property would benefit from the allowance at the prevailing rate at the time of sale.
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Additional costs of running a Limited Company - such costs include the preparation of accounts, company tax and corporation tax calculations for HMRC, filing at Companies House, legal fees, and annual auditing if applicable.
Newhouse Financial Services are whole of market mortgage brokers and we regularly arrange ltd company mortgages for new and existing clients - if you want to be one of them get in touch and one of our specialist mortgage advisors will be happy to answer any questions you may have as well as show you what options are available to you.
Call us now on 01908 299371 for expert, whole of market mortgage advice.
Our Process
1
Free, Impartial Mortgage Advice
There's absolutely no pressure to buy from us - just friendly, helpful advice from our professional team.
2
Compare The Market
We have access to a wide range of mortgages with some exclusive products not available on the High Street. Let us do all the hard work and find the most suitable deal for you.
3
Manage Your Application
Your advisor will help you with your application from start to finish. From the initial application to you collecting the keys to your new home, and everything in between!
House of Multiple occupation
A house in multiple occupation (HMO) is a property rented out by at least three people who are not from the same household but share the same kitchen, toilet and bathroom facilities. This type of housing is typical for a student house share for example.
Most high-street Buy-to-Let lenders will not touch HMO properties. However, there are a growing number of specialist lenders in the market place who are offering some very competitive deals. At first glance, it can be hard to understand what mortgage option is right for your situation, which lender will be the best choice to partner with, and what exactly that lender is looking for when considering an application.
Newhouse Financial Services are whole of market mortgage brokers and we regularly arrange HMO mortgages for new and existing clients - if you want to be one of them get in touch and one of our specialist mortgage advisors will be happy to answer any questions you may have as well as show you what options are available to you.
Call us now on 01908 299371 for expert, whole of market mortgage advice.
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