Buy to let mortgages for limited companies
We specialise in buy to let mortgages for limited companies, including Special Purpose Vehicles and trading companies.
This page is for landlords and mortgage customers. If you're an intermediary, please visit our mortgage intermediary page.Â
We specialise in buy to let mortgages for limited companies, including Special Purpose Vehicles and trading companies.
Landlords can hold a portfolio up to £5m with us and we don't set background portfolio limits.
Our experienced underwriters assess every application on its own merits and always look for ways to say 'yes'.
Our in-life team will support larger portfolio clients with managing and growing their portfolios.
One of the big drivers for the recent growth in limited company buy to lets has been tax changes. These have impacted landlords who own properties in their own name and pay higher rate tax.
Under new rules, mortgage interest tax relief has shrunk to zero in 2021 and been replaced by a 20% tax credit on all rental income. With potentially higher tax bills, more and more landlords are considering the limited company option for new investments and remortgages.
The benefits of owning property through a limited company structure include:
Special Purpose Vehicles are set up for one specific purpose or transaction, usually to isolate financial risk. In the mortgage world, a Special Purpose Vehicle is a company which is set up just to hold property and do nothing else. However, an SPV can become a trading company once the initial purpose has run its course or they enter into other trading, for example turnover/income from other purposes such as third party management, contracting and development
Within mortgage lending, a trading company is one that has a primary activity other than owning property. This is a company which trades in business sectors other than property ownership/management or where an SPV has moved on from its initial reason of set up or single trade.
We lend to both Special Purpose Vehicles and Trading Companies.
No, we lend to newly incorporated companies as well as more established limited companies.
You can email us at
mortgage.advisers@aldermore.co.ukWe also work with mortgage Brokers who can help you find the best deal.
We know it can be difficult and time consuming managing a large buy to let property portfolio, that's why we've made life easier.
Combine up to 30 properties on one application, meaning one affordability stress test across the whole portfolio, one review date on product maturity, one set of documents, one monthly payment and a single direct debit.
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Subject to status. If you fail to keep up with payments on your mortgage a ‘receiver of rent’ may be appointed and/or your rental property may be repossessed.