Case Study – Personal to Limited Company Buy-to-Let Mortgage

Personal to Limited Company Buy-to-Let Mortgage

Personal to Limited Company Buy-to-Let Mortgage for Large Portfolio Landlord

This is a great case study on how Liquid Expat Mortgages helped a British Expat in Kuwait to secure a UK Limited Company buy-to-let mortgage.

The scenario

Liquid Expat Mortgages were approached by an experienced professional landlord with a sizeable and established buy to let portfolio. The owner was based in Kuwait and having sought professional tax advice, he wanted to incorporate his personally owned portfolio into a limited company as it would be more tax-efficient once he returned to the UK. One of the existing properties was being purchased to be put into the portfolio. This was a 2-bed holiday cottage in Rhosneigr, Anglesey.

How Liquid Expat Mortgages dealt with the situation

As the client was purchasing the existing buy to let property into a new SPV/Limited Company, he required a limited company buy to let mortgage. Using the existing equity in the property as a deposit through a director’s loan, the LTV mortgage required was 55%.

As our customer had 9 other properties and an income from his profession as a gas engineer, we were able to identify a few lenders who could accommodate his intentions and future plans. As a specialist buy to let mortgage broker, we are accustomed to dealing with complex cases and work closely with the lenders that familiar with underwriting this type of case.

The result

We quickly shortlisted those buy to let lenders that accept portfolio landlords and are comfortable with income coming from property plus proven contracted salary. From there, we set about sourcing a suitable rate that would be financially beneficial for our client. The property value was £335,000 with loan amount of £150,750. We obtained a five-year fixed rate at 3.05%.

UK Expat Mortgages & Remortgages

No mater where you are currently living or working around the world, Liquid Expat Mortgages can help you secure a UK Limited Company mortgage or remortgage in the United Kingdom. Contact us now for a free quote. Our fully qualified and experienced mortgage advisers will advise you on the best mortgage options available for your circumstances.

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