The Times - Buy-to-let: Why more landlords are setting up companies
More landlords are setting up companies to try to boost their profits. By the end of last year there were 309,643 buy-to-let companies in the UK, according to the estate agency Hamptons, up from 228,743 at the end of 2020.
Trinity Financial's director Jed Newton told The Times that arrangement fees are another downside. He added: “Some lenders have tried to innovate by offering large fees with lower interest rates. In most cases, it does not make financial sense to pay fees of 7 per cent to secure a rate when these fees are usually 2 to 3 per cent.”
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