Landlords selecting a limited company structure with Foundation Home Loans in order to expand their buy-to-let portfolio will no longer have to pay a fee after the lender abolished the £500 processing and administration charge.
The latest BDRC Landlords Panel survey found that 22% of landlords with a portfolio of 20 properties or more had already transferred ownership to a limited company or spouse, and 27% were considering it.
Jeff Knight, marketing director at Foundation Home Loans, commented: “We are constantly reviewing our proposition to ensure we keep things simple and straightforward for brokers and their clients.
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