Limited companies can now obtain a buy to let mortgage to purchase an investment property. Although, there are stipulations the lenders make about businesses, directors and shareholders.
Downton & Ali Associates are experienced in the buy to let market and commercial funding. Our advisers can assess if the property is a suitable investment and source the most suitable product available to you. We specialise in offshore mortgages and help you evaluate the tax advantages.
Landlord & Tenant Insurance
As a landlord you have a duty of care to the tenant and must ensure the services are always in working order. Should one of these services fail you will be required to pay the expense incurred in getting them repaired immediately, tenants must not be left without necessities like cooking facilities, hot water or electricity. Should you fail to provide these, you could face litigation and extensive legal fees.
It is important that you do not forget your responsibilities as a landlord. Standard policies for owner occupied homes do not cover the risks associated with letting a property.
Downton & Ali Associates specialise in arranging suitable landlord and tenant insurance plans that protect the building and its contents against damage caused by tenants and provide protection for the landlord for emergency assistance and legal fees.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Buy to let mortgages are not regulated by the Financial Services Authority.