Guernsey-licensed bank Skipton International has rolled out its limited company buy-to-let product following a soft launch in late 2022.
Hamptons, the UK estate and letting agent, estimates that around 40% of all new buy-to-let purchases are now made via a company structure, a record figure.
In the period from September 2021 to September 2022, a total of 50,445 new companies were set up to hold buy-to-let property, the second-highest figure in any 12-month period.
Skipton firmly believes in offering choice and is rolling out this alternative to a growing number of buy-to-let borrowers for their UK property purchases.
Roger Hughes, Skipton’s business development manager, said: “Limited company lending is proving to be increasingly popular for purchasing properties for rental purposes in the UK.
“There is much for landlords to consider regarding moving into limited company status, and, as always, it depends entirely on individual circumstances. We can currently assist with purchases in England and Wales.
“Our sales team here at Skipton will be happy to assist with any questions about the limited company mortgage product we offer.”
