Limited Company
Mortgages
We’ve been advising Nottingham property investors and businesses with commercial and business mortgages for many years. Working closely with you and your team to understand your investment goals and current position, we can support with the setting up of SPV’s, sourcing properties, establishing affordability, sourcing lenders, and applying for a company mortgage on your behalf.
As an independent mortgage broker, we work for you. Castlegate Financial Services are not tied to any banks or building societies so you can have peace of mind that we always have your company’s best interests at heart. Supporting you and your business every step of the way – we can manage the entire process so that you can focus on building your successful investment portfolio.
Commercial
& Business
Mortgage Advice in Nottingham
A company mortgage is a mortgage designed for a person/people who set up a limited company to buy, buy to let property. The Directors of the company are assessed for the mortgage application; however, the company will be the owner of the mortgage and property. The limited company is set up as an SPV (Special Purpose Vehicle) and its only use is to buy investment property.
Mortgages taken out to buy investment property under an SPV are specialist mortgages, with lenders requiring additional criteria to be met such as extra legal advice and personal guarantees, in order to protect themselves in case the company is ever shut down.
If you are an investor, you may want to consider a company loan under as SPV due to the substantial tax benefits available, when you invest in buy to let property this way. An SPV can be set up instantly and does not have to have traded, however you will need to ensure you have a business bank account and have set up specific SIC Codes during incorporation. SIC codes allow the company to invest in property and are required by lenders in order to process your application.
There are various different ways a company can be set up based on your personal circumstances e.g. other shareholders can be set up to provide a more tax efficient strategy. Therefore, we always strongly advise speaking to an experienced mortgage broker and our a specialist tax and accountant experts before setting up a company.
How We Work with you
get to know you
and your Investment goals
Liase with tax and
accountancy experts
Assess your
affordability
SEARCH THE WHOLE MARKET
to find the best deal
APPLY for a mortgage
in priciple
Process your buy to let mortgage application through to completion
Liaise with the solicitors, letting agents and surveyors
Be on hand when your mortgage is next up for review
get to know you
and your Investment goals
Liase with tax and
accountancy experts
Assess your
affordability & SPV
SEARCH THE WHOLE MARKET
to find the best deal
APPLY for a mortgage
in principle
Process your company mortgage application through to completion
Liaise with the solicitors, letting agents and surveyors
Be on hand when your mortgage is next up for review
After working with you to understand what your investment goals are, we will liaise with your team or our recommended tax and accountancy experts, to establish the most tax efficient structure. Once we have confirmed the most tax efficient way for you to invest, we can support with the setting up of a SPV and the confirmation of SIC Codes required for your investment. Once we have assessed the SPV meets the lenders criteria, we will then carry out a credit check for the Directors of the SPV to ensure the mortgage is affordable.
Directors can be made to have independent legal advice and asked to provide personal guarantees, if so we will liaise with all parties involved – managing the entire business mortgage application through to completion.
As well as handling company mortgage application process, we are on hand to support and advise with all other aspects of buy to let investments by recommending you to our trusted network of property professionals including solicitors, surveyors, insurers and letting agents. So you have everything you need for a successful buy to let investment.
Castlegate Financial Services
Giving you financial peace of mind
Speak to our
fabulous brokers
For help and advice with limited company mortgages,
speak to our fabulous brokers today.
Frequently
asked questions
Yes, a limited company can take out a mortgage to buy property. If the purpose of the company is to invest in buy to let property, then the limited company is set up as an SPV (Special Purpose Vehicle) and only used to buy investment property. Mortgages taken out to buy investment property under an SPV are specialist mortgages, with lenders requiring additional criteria to be met, so it is beneficial to have an experienced mortgage broker by your side to handle the application process.
If you’re a property investor, or looking to start investing in property, then you might want to consider a company loan as there are substantial tax benefits when you invest in buy to let property this way.
The difference between a company mortgage and a residential mortgage is that the lender is assessing your personal affordability for a residential mortgage and the term and conditions set out to protect them if you don’t pay your mortgage. With a company or business mortgage, the lender requires more specific criteria to be met, such as extra legal advice and personal guarantees so as to protect themselves should the company be shut down.
MORTGAGE ADVICE & insights
SM
Sian Mitchell
Due to Covid, the NHS are experiencing huge delays and people are struggling to get the medical care and attention they need. The substantial delays for referrals, treatments and routine/planned surgeries are putting people at risk who are not getting the medical attention they need in time resulting in anxiety, stress, prolonged pain and in some cases the delays are preventing people catching things early enough to treat.
SM
Sian Mitchell
If you’re nearing the end of your fixed-rate then looking for a new mortgage deal is probably already on your to-do list this month and if you’re already on your Standard Variable Rate – then it definitely should be!
But nearing the end of your current deal isn’t the only reason you might consider remortgaging. After helping clients remortgage for nearly 40 years, we know there are a whole host of reasons why remortgaging could be the best financial move – so here are our top 10 Reasons Why You Might Remortgage.
SM
Sian Mitchell
Buying, selling and moving home can be stressful enough, without the added frustration of delays with your mortgage application!
There are a few factors that can affect how long your mortgage application takes – like which lender you’re applying with or how complex your situation is. However, one delay that you can avoid, is missing or incorrect mortgage application documents requested by the lender.
SM
Sian Mitchell
Overall property has always represented a good long-term investment opportunity, and is still one of the four most common types of investments, alongside cash, bonds and shares. Resilient and a largely stable investment market, historical evidence shows that property has the power to weather huge events such as the global financial crisis and the SARS outbreak, coming out of the other side stronger.
SM
Sian Mitchell
Never worked with a mortgage broker before and wondering whether you really need one? We explain what a mortgage broker is and how a good mortgage advisor can save you time, money, and stress!
SM
Sian Mitchell
Due to Covid, the NHS are experiencing huge delays and people are struggling to get the medical care and attention they need. The substantial delays for referrals, treatments and routine/planned surgeries are putting people at risk who are not getting the medical attention they need in time resulting in anxiety, stress, prolonged pain and in some cases the delays are preventing people catching things early enough to treat.
THE MORTGAGED PROPERTY, WHICH MAY BE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
