Buy to let mortgages for Limited Companies

JPS29

Yes Vigilant, its me from the other night.:D

Ahhh, look back 3 months ago and I had an ideal portfolio, hindsight and all that. Actually I have had time to reflect on it and am not that pi ssed off about it now. I've been through a lot worse and at least I have a fantastic family life, good health, an income, good tenants (for now....) and some property behind me. If the rates doubled I could cope, albeit at a struggle. Just puts my master plan back a bit thats all.

I'm sure there are people a lot worse off than me

VIGILANT22

[QUOTE=InTheBrownStuff_I'm_sure_there_are_people_a_lot_worse_off_than_me[/QUOTE]

Ah.......With an attitude like that the sun will be shining soon...no more "brown stuff"........:)

Thrugelmir

InTheBrownStuff wrote: »

Are these by any chance going to do a Skippy on me too?

The bigger problem for you is the lack of lenders willing to lend to SPV's (Special Purpose Vehicles ) such as Companies or Limited Liabilty Partnerships set up with the purpose of buying and letting property.

JPS29

Thrugelmir wrote: »

The bigger problem for you is the lack of lenders willing to lend to SPV's (Special Purpose Vehicles ) such as Companies or Limited Liabilty Partnerships set up with the purpose of buying and letting property.

Hi,

Why would this be a problem for me?

I have looked on ME website today and in the FAQ's it says that although no new lending will be offered existing mortgages will carry on as normal. This implies to me that the mortgage term should be unaffected, in which case I might get rate hikes in the short to medium term but long term I will be able to buy this property outright anyway.

Have I missed something?

Thrugelmir

InTheBrownStuff wrote: »

Hi,

Why would this be a problem for me?

I have looked on ME website today and in the FAQ's it says that although no new lending will be offered existing mortgages will carry on as normal. This implies to me that the mortgage term should be unaffected, in which case I might get rate hikes in the short to medium term but long term I will be able to buy this property outright anyway.

Have I missed something?

Only if you wished to remortgage. In the eventuality that your existing lender raised rates significantly.

JPS29

So as long as I can take the rate rises the mortgage will run for its term?

Thrugelmir

Of course. Then it's a business decision.