Offshore Companies and UK Buy to Let Property

It’s possible for offshore companies to raise buy to let mortgages in the UK to buy investment property in Britain.

In the past any offshore limited company wishing to purchase property in the United Kingdom with the option of using it as an investment asset and letting it out for an income had a difficult job securing finance to do so.

Options were strictly limited locally in the UK to commercial finance vehicles, and the only other alternatives when it came to offshore companies and UK buy to let property were securing finance overseas or using lump sum capital outlay to cover the whole cost of the property purchase.  But now all that is about to change…

The situation for an offshore limited company considering buying to let in the UK is now far more favourable because one UK based, forward thinking company has developed a range of buy to let mortgage products specifically to give offshore companies the ability to finance their investment property purchases in the United Kingdom.

Mortgages for Business is the name of the brokerage company that has come up with this solution, they specialise in the provision of buy to let mortgage products and so had first hand and detailed knowledge of the requirements of offshore companies and the limitations affecting them when it came to raising finance to buy to let real estate in the UK.

This level of insight led the company to develop its own range of products specifically geared and targeted to limited companies based in the offshore tax havens and jurisdictions of Jersey, Guernsey, The Isle of Man and Gibraltar.  One of their initial buy to let for offshore company product offerings is an attractive 85%, three year fixed rate mortgage with a current interest rate of just 5.99%.

There are specific advantages for some overseas citizens and entities of using an offshore company structure for the purchase of investment property in the UK.  For example, using such an arrangement can sometimes result in the mitigation of capital gains tax as well as inheritance tax – and what’s more, if the company owner wants to sell or gift property held by the company there are ways of transferring shares within the company rather than the physical property that legally avoid stamp duty having to be paid - stamp duty is a type of purchase tax in Great Britain.

All enquiries should be directed to Mortgages for Business…