Mortgage brokers are bracing themselves for more landlords seeking to borrow via limited companies during 2024, it has been claimed.
1 million extra homes will be needed in England and Wales to house singles and families – this is a continually growing market for the private rented sector.
A record 50,004 limited BTL companies were set up last year, driven by landlords looking to shelter themselves from higher interest rates.
A third of landlords who own rental property in their personal name plan to incorporate their portfolio into a limited company structure within the next three years, according to Paragon Bank.
