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Company
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Same Day Appointments
Let's get started today.
Quick Decisions
Stop waiting weeks to get a decision.
Transparent Advice
Don't be left in the dark anymore.
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The Journey To Your New Mortgage !
Initial
Meeting
Let’s grab a coffee (or a Zoom/call). This is where we get to know you, your plans, and your goals. Think of it as a relaxed chat to set you on the right path. You talk, we listen!
Personalised
Package
We’ll craft a mortgage plan tailored to your needs, complete with all the suitable options. We’re like your personal mortgage matchmaker, finding the most suitable deal to make your dream become a reality!
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The Rest
Leave the paperwork, lender chasing, and all the heavy lifting to us. All you need to do is sit back and relax while we make it happen behind the scenes. Our award-winning team is available 7-days a week.
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Keys!
Your mortgage offer is in, and it’s time to pop the bubbly! Like all our 5-star customers, you are now one step closer to making your goals a reality.
Why Use Protex Financial For Ltd Company Mortgages?
Here at Protex Financial, we strive to make our only focus on you; this is why we can offer the best range of Mortgage Advice with access to 1000’s of Ltd Company Mortgage products that the market has to offer. Our mortgage brokers are able to search thousands of products to make sure you are getting the most suitable deal you can possibly get.
Our mortgage team here at Protex Financial are regulated by the FCA, the Financial Conduct Authority. This means everything we do is for you; we are obligated to offer you great rates, great deals and great Ltd Company Mortgages.
We Don't Just Say It We Shout About It !
Whether you’re trying to buy your first home or remortgage with changed circumstances, get expert advice from one of the UK’s leading Mortgage Brokers to help you navigate an ever-changing mortgage market.
Simple
Fees
Mortgage Fee
£376.00
Our fee can range from £176 to £576, depending on case requirements.
Whether you’re buying your first home, remortgaging, or growing your property portfolio, we keep it transparent, simple, and straightforward. Plus, our fee is only payable once we get you a mortgage in principle.
- Access to whole of market
- Award-winning advisers
- Access to a wide range of expert solicitors
- Mortgage protection built to last
“Going above and beyond is what we do; we LOVE our job, and most of all, we LOVE helping our clients.”
If you need any form of Ltd Company Mortgage, then make an appointment with one of our mortgage brokers today. We aim to make your home buying or family insuring process as simple as possible, keeping you informed every step of the way.
Speak with Simon & Kelly, book your FREE mortgage appointment today.
Ltd Company Mortgage Tips
Lenders need assurance that your company is financially stable and capable of repaying the mortgage.
Check Your Accounts: Perform frequent audits to ensure all financial statements are correct and current.
Stable Earnings: Exhibit a history of earnings for multiple years.
Responsibility with Debt: Maintain a reasonable amount of existing debt and demonstrate a repayment strategy.
Examine Cash Flow: Show evidence of solid, steady cash flows underlining the company’s capacity for expense management and income generation.
When your business finances are all mixed up, lenders have a hard time understanding how healthy your company is financially. Below are some steps you can take to avoid such situations in the future.
Separate Accounts: Use different bank accounts for personal and business purposes.
Accurate Bookkeeping: Record everything that happens without using the same records for personal or other expenses unrelated to work.
Financial Statements: Your company should prepare these documents and look at them often.
Professional Help: It might be wise to get an accountant who will handle your business’s financials and ensure that it follows every regulation properly.
Having a high credit score is essential for your business and you when applying for a mortgage.
Check Credit Scores: Consistently review personal and business credit scores, correcting any errors that may arise.
Pay Bills On Time: Always pay your bills, loans, and lines of credit on time.
Eliminate Debt: Avoid incurring extra debt by keeping credit usage low.
Credit History: Use credit responsibly over the long term to establish a strong history.
A specialist mortgage broker can help you navigate the complexities of ltd company mortgages. They have access to a wide range of lenders and can find deals tailored to your specific circumstances, whether you are a first-time landlord or have a portfolio of properties.
Understand the tax implications of buy to let investments. Rental income is subject to income tax, and you may also face Capital Gains Tax when selling the property. Consider whether to buy in your own name or through a limited company, as this can affect your tax liabilities.
Finding a lender that fits your business is important because different lenders have their own criteria.
Research Lenders: Look into the different lenders and their requirements for Ltd company mortgages.
Eligibility Requirements: Check eligibility requirements such as minimum turnover, profit levels, and the company’s length of existence.
Documentation Needed: Gather all the documents that are usually needed by the lenders.
Terms and Conditions: Be cautious of mortgage interest rates, repayment terms, and associated fees.
Even though it raises your personal risk, lenders can feel more secure with a personal guarantee.
Understand What It Means: Become familiar with what a personal guarantee means and its risks.
Check Your Finances: Consider if you would be able to give the loan back supportively if the business is unable to do so.
Discuss Terms: If need be, discuss the conditions of the personal guarantee so that they are feasible for you.
Look at Other Choices: Consider different options that might not require a personal guarantee, such as securing against business assets.
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Ltd Company Frequently Asked Questions
When applying for a ltd company mortgage, having the right documents ready can help streamline the process. Here’s a list of the key documents you’ll typically need:
Proof of Identity:
- Passport or Driving Licence
Proof of Address:
- Recent Utility Bill (within the last 3 months)
- Council Tax Bill
Proof of Income:
- For Employed Applicants:
- Last 3 months’ Payslips
- For Self-Employed Applicants:
- At least 1 years’ Tax calculations and overviews
- At least 1-years Full accounts (if LTD company)
- For Employed Applicants:
Bank Statements:
- Latest 3 months’ Bank Statements
- Latest 3 months’ business bank statements
Proof of Deposit:
- Savings Account Statements
- Evidence of Gifted Deposits (if applicable)
Credit Report:
- A copy of your Credit Report (check now – credit report)
These documents will help your mortgage broker or lender process your application more efficiently. If you have any specific circumstances or need further assistance, our team at Protex Financial is here to guide you through every step of the mortgage process.
Interest rates for Ltd company mortgages can be higher than those for individual mortgages due to perceived higher risk. However, rates vary widely between lenders, and shopping around can help secure a competitive rate.
Yes, you can transfer an existing property into a Ltd company, but this process can involve costs such as capital gains tax, stamp duty, and legal fees. It is advisable to consult with a tax advisor or solicitor before proceeding.
The benefits include potential tax advantages, such as the ability to offset mortgage interest against rental income and limiting personal liability to the amount invested in the company.
Deposits for Ltd company mortgages typically range from 20% to 40% of the property’s value. The exact amount depends on the lender’s requirements and the company’s financial health.
Yes, Ltd company mortgages are available for residential buy-to-let and commercial properties. The terms and conditions will vary depending on the property type and the lender.
Owning property through a Ltd company can offer tax benefits, such as the ability to deduct mortgage interest as a business expense. However, there may also be additional taxes, such as corporation tax on profits. Consulting a tax advisor is recommended.
The application process for a Ltd company mortgage involves additional scrutiny of the company’s financial health, including detailed assessments of the company’s accounts, directors’ backgrounds, and potentially personal guarantees. It may also involve more documentation compared to a personal mortgage.