The product covers a range of six fixed rate options over 2, 3 and 5 years starting at 4.19% for 2 years up to 65% LTV, and allows clients to purchase an existing property in a company name using a director’s loan.
3mc’s Managing Director, Doug Hall, believes that using a limited company BTL option is already becoming a very important option for landlords: “We are delighted to be trialling this new product range for FHL. The effect of the Chancellor’s move to restrict tax relief will accelerate the need for more established landlords to look carefully at how they best manage their portfolios in a way that continues to maximise rental yields and minimise costs. These products from FHL will provide new options for brokers with landlord clients.”
Paul Brett, Business Development Director at FHL, said: "It was clear from our introducers, even before the Chancellor’s announcement, that a limited company product option would make an important addition to the FHL portfolio. We listened and the result is, in my opinion, one of the best offerings in the market.”
