Payment holiday will apply to limited company BTLs: UK Finance - Mortgage Strategy

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UK Finance has confirmed that the mortgage payment holiday for buy-to-let landlords will also apply to those who have borrowed through limited companies.

The government’s clampdown on tax relief for mortgage interest over recent years has pushed a large share of landlords to structure their purchases in this way.

Prime Minister Boris Johnson announced yesterday that tenants would be protected from eviction  during the coronavirus crisis.

Shortly after his press conference the Ministry of Housing, Communities and Local Government announced on Twitter that mortgage forbearance would be extended to landlords.

UK Finance has today confirmed that the measures will apply to landlords who have structured their loans in this way as well as those who have borrowed in their own name.

Both UK Finance and the Building Societies Association have also announced that all repossession action is to be put on hold for the next 90 days, which includes both home owners and landlords.


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