| Property | Three terraced houses let on assured shorthold tenancies |
|---|---|
| Location | Headingley and Kirkstall, Leeds |
| Client | Higher-rate taxpayer moving personally held properties into a new limited company |
| Product | Limited company BTL |
The challenge
Transferring properties into a company is treated as a sale and purchase, so new mortgages were needed on all three. The client also needed to understand the stamp duty and capital gains tax costs before committing.
What we did
We asked the client to take specialist tax advice first, and the move went ahead only after that advice. We then arranged limited company buy-to-let mortgages on all three houses with one lender, so valuations and legal work ran together. Each property was assessed at the lower limited company interest cover ratio, which supported the refinance.
The outcome
All three transfers completed on the same day, with the company holding the portfolio going forward.
Limited company buy-to-let mortgagesBuy-to-let mortgages for property held in a limited company or special purpose vehicle (SPV).
Learn moreImportant: Most buy-to-let mortgages are not regulated by the FCA. Your property may be repossessed if you do not keep up repayments, and a receiver of rent may be appointed.