Our Solicitors specialise in buy to let mortgage transactions.
Buy To Let Lenders Panels
Our conveyancing department is on the Buy to Let lender’s panels which remove the additional costs of having a separate solicitor act for the lending institution.
Buy to let lenders are not often considered mainstream providers, and specialist knowledge is needed to meet their requirements. We are members of most Panels which undertake Buy to Let mortgages.
What services do we offer?
- Buy to let investment purchases tailored to the property investor, whether first time or professional and seasoned investors. We have acted for large development companies and individuals going into the buy to let property investment for the first time.
- Auction sales and purchases
- Buy to let mortgages and remortgages
- Advice on buy to let property ownership involving more than one person and declarations of trust
- Equity release, including reversion schemes
- Tenancy agreements
Why go to Garner & Hancock?
Our specialist conveyancers are on a number of buy to let lenders’ panels, which means we can deliver a faster and more cost efficient service.
We are a members of the Conveyancing Association, we follow the code of practice of the
Association of International Property Professionals. In addition, we are CQS accredited and soon to be Lexcel accredited.
How much does it cost?
Our fees are competitively priced and the cost is no more than that of ordinary conveyancing. Discounts are available for repeat business.
Other services on our website that may be of interest include:
- Residential letting and management of buy to let properties
- Wealth management. We have a close connection to professionals who can help with looking at your whole portfolio
- Commercial property
- Foreign property
- Tax – Stamp Duty, CGT and Inheritance Tax
- Tax Avoidance schemes and the merits of such schemes
- Non-Dom Status and buying investment propertie
What is the current tax position?
As of April 2017 mortgage interest relief has been gradually reduced from 45% to the basic rate of tax for second homeowners, along with buy to let landlords.
However, this change does not affect limited companies, which can still offset 100% of their mortgage payments. Furthermore, no income tax is payable on retained profit, meaning more money is available to reinvest. Although corporation tax is payable, this is still lower than the higher rate of income tax payable by an individual. It currently sits at 19%, and will be reducing to 18% in 2018, and 17% in 2019.
We can give you quick free advice just complete the form below or call us on the number above