…tekst po angielsku…
Special Purpose Vehicle (SPV) limited company is a company which is set up just to hold property. The SPV should be not a trading company. Buy to let lenders offering mortgages to corporate vehicles mostly prefer SPVs because they are easier to understand and underwrite.
Purchasing rental property via an SPV limited company becomes more tax efficient now as the changes to tax relief on finance costs for individual landlords were introduced. At the moment there are more than 200 buy to let mortgage products on the market for SPVs. But the SPV should match the criteria which the lenders like to see:
• SIC code for letting property (Section L: Real estate activities);
• no sign of any revenue through the company of anything other than letting property.
If the company has traded in another field in the past, some of the lenders will still lend to the company as long as this is historic, the company has the right SIC code and the accountant can confirm the company will only be letting property going forwards.
What is a SIC code?
The Standard Industrial Classification of Economic Activities (SIC) is used to classify business establishments by the type of economic activity in which they are engaged.Additional conditions for SPV:
• lenders will accept borrowing from 65% to 85% Loan To Value, with income needing to be 125% of the mortgage payment;
• at least 2 (or 1 if in sole name) of the directors will need credit scoring.