55% of landlords plan to use limited companies for house purchases
By Sam MonkOver half of landlords (55%) plan to use limited companies for property purchases in the year ahead, according to a recent study
Section: NEWS
Research from specialist lender Precise Mortgages revealed that, in comparison, only 24% of landlords intended to buy property as an individual.
This figure has increased from Q1 2019, when 53% of landlords planned to use limited companies for property purchases, while only 44% planned to do so in Q4 2018.
Other highlights from the research included:
- 71% of landlords with a portfolio of 11 or more properties have used limited companies for property purchases
- 51% of landlords with a portfolio of 10 or fewer houses said they would buy property using limited companies, compared with just 27% buying as individuals
Alan Cleary, managing director at Precise Mortgages (pictured above), said: “Despite the challenges in the market, professional landlords have still managed to grow their portfolios over the past year with the use of limited companies, and it will continue to be the most preferred purchase route, particularly for those with larger portfolios.
“The increased use of limited company status is further evidence of how the BTL market is changing.”
Keywords: Precise Mortgages, Precise, mortgage market, mortgages, specialist lender, landlords, professional landlords, property finance, property purchases, housing finance, housing market, property market