Mortgage for Business reveals their latest Property Investor Survey results showing 44% of landlords plan to expand their portfolios in the next six months.  Despite most being impacted by the changes to income tax liability, three-quarters (75%) of those intend to include vanilla Buy to Let as part of their expansion, along with Houses of Multiple Occupancy (HMO’s). However, there is an increasing trend in the proportion of landlords who intend to reduce the size of their portfolios – from 9% to 15%. This reduction in portfolio size is a direct result of the tax changes, now in place for landlords.  Another trend is, 58% of those who are expanding their portfolios will do so using limited companies as borrowing vehicles, with another 20% saying they’ll be purchasing both personally and via a corporate structure.

At Pinpoint Finance, we are seeing an increased interest from landlords in HMO style properties and the split of our Buy to Let applications are now more in favour of the Limited Company structure. Pinpoint Finance, has a broad range of specialist funders on their panel, who can cater for such landlords. So, if you are thinking of expanding your portfolio, changing the mix of your portfolio or just requiring access to more specialist Buy to Let lender, I would be delighted to hear from you.

Quick disclaimer! This is not tax advice, I’m not making any kind of recommendation on a structure and you should seek separate legal and tax advice regarding your responsibilities of owning this type of property. Pinpoint Finance can advise you on the most suitable Buy to Let mortgage product but their service does not consider the suitability of owning a Buy to Let property for business purposes.