Whether you are contemplating your first venture into Buy to Let or are an experienced landlord with a portfolio of properties, with the recent changes to Buy to Let mortgages, expert advice has never been more needed.
Higham Critchley Barrows have experienced Buy To Let advisers and can advise on a range of Buy To Let options.
- Personal Buy To Let – This is when a Buy to Let is owned by an individual or a number of individuals. This has become less popular in recent years due to tax changes.
- Limited Company Buy to Let – This is when a company, usually set up specifically for this purpose, is the owner of the Buy to Lets and therefore is treated in a different way for tax purposes. This type of ownership is growing fast, especially for those wanting to build a portfolio of properties.
- Holiday Let – This is when the property will be let on a Short term let basis. Usually for properties in holiday destinations in the UK.
- Let to Buy – This is when rather than selling your main home to move to a new one, you retain your existing home, switch it to a BTL and then simultaneously buy your new home. This is sometimes done as a long term investment, but many people do this if they are struggling to sell their property.
It is important to note that although we can talk you through your options, we are not tax advisers and therefore to be sure you are buying the property in the most tax efficient way, you should talk to your tax adviser or accountant.
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