Is your customer considering incorporation?
With the recent stamp duty holiday also including buy-to-let properties, now could be an ideal time to revisit landlords who, on the back of specialist tax advice, were previously considering moving their properties from personal name to limited company.
Whilst they would still be liable for the 3% surcharge, some landlords are viewing this period as the ideal time to proceed with the transaction. For example, the duty paid on a £500,000 property at the moment would be £15,000, this will increase on 1 April 2021 to £30,000.
What can Paragon offer?
- Lending for SPV limited companies, including subsidiaries
- Products for HMO’s and multi-unit block properties
- Corporate / Housing Association / Local Authority lets.
- Up to £5 million borrowings on standard LTV products
- No restriction on property numbers
- Specialist lending up to £20 million
Visit our website or talk to your Regional Sales Manager to find out more.
