Buy To Let Mortgage Through Ltd Company in Northern Ireland

[paulmcd]

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

[Stuart Chisholm]

Also trying to find out an answer for this at the minute. Can only find old threads. Surely all the BTLs in NI can't be held in own names or without mortgages?

[Simon Allen]

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.

[Stuart Chisholm]

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

[Simon Allen]

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.

[Stuart Chisholm]

Great to know the option is now there, thanks very much!

[paul-c]

Good to know thanks. Id been told noone buys through a limited company here, now I know why!