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Buy To Let Mortgage Through Ltd Company in Northern Ireland


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Hi Guys,

 

I was wondering if any of you have secured a buy to let mortgage through a Ltd company for a property in Northern Ireland. There are a few older threads from a few years ago relating to this issue where it seems that BTL mortgages couldn't be secured through Ltd companies in NI. I'm hoping the situation has changed though and was wondering if anyone has had any success recently?

 

Thanks

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Hi Stuart/Paul

Yes you  have options for borrowing within a limited company in NI. Minimum valuation is £75,000 and maximum LTV is 75%. Rates aren't extortionate.

If you need more information by all means contact me.

Regards Simon

Searchlight Finance Ltd

T:01565 654005

 

Landlord and specialist property finance advisor only dealing with investors, landlords and developers throughout the UK and beyond.

Buy to Let - Commercial Finance - Bridging Loans - Development Finance - HMO Finance - Refurbishment Loans - Multi Let - Limited Company - Student Lets - Portfolio Finance

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On 2/12/2021 at 11:43 AM, simon allen said:

Hi Stuart/Paul

Yes you  have options for borrowing within a limited company in NI. Minimum valuation is £75,000 and maximum LTV is 75%. Rates aren't extortionate.

If you need more information by all means contact me.

Hi Simon, this is great news! Would you have a rough idea of rates/lenders? Also, how can I access them? Do I need to go though a specialist broker? I'll be looking to buy this time next year so trying to get sorted in advance

Thanks

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21 hours ago, Stuart in Belfast said:

Hi Simon, this is great news! Would you have a rough idea of rates/lenders? Also, how can I access them? Do I need to go though a specialist broker? I'll be looking to buy this time next year so trying to get sorted in advance

Thanks

It's through  brokers only and rates etc are dependent on eligibility. Late 3s with a fee and mid 4s with no fee at 75% LTV.

If you work in the south and get paid in Euros then no option unfortunately.

Buying in 12 months time is too early to secure rates and hopefully you may have more options then. But as it's taken 15 years to get one I wouldn't hold my breath.

Regards Simon

Searchlight Finance Ltd

T:01565 654005

 

Landlord and specialist property finance advisor only dealing with investors, landlords and developers throughout the UK and beyond.

Buy to Let - Commercial Finance - Bridging Loans - Development Finance - HMO Finance - Refurbishment Loans - Multi Let - Limited Company - Student Lets - Portfolio Finance

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