Even with payrate products, it is more challenging to achieve higher loan-to-value loans, particularly for low-yielding properties.
Guiding on options
There are pros and cons to purchasing a buy-to-let in a limited company versus under a personal name. It entirely depends on the circumstances of the individual, particularly in light of recent and upcoming changes set out by both the Prudential Regulation Authority and the government, making the market more complicated to navigate.
An experienced mortgage broker will be able to guide you on your options. While they will not be able to provide tax advice, they will be able to put you in touch with property tax specialists.
Steven Boyde is head of sales at Enness Mortgages and Enness Commercial
