Limited Company Remortgage

Podcast approved by The Openwork Partnership on 05/06/2025

What are the main reasons for remortgaging via a limited company? What are the benefits?

Just to be clear, if you’re remortgaging via a limited company, your property will already be owned within a limited company. There are two main reasons to remortgage.

If you don’t remortgage, you go on the Standard Variable Rate and your interest rate goes through the roof. In turn, payments go up and your investment becomes less profitable.

Depending on how long you’ve had the property, if the price has gone up you could potentially remortgage equity out of the property to carry out home improvements or purchase further Buy to Lets.

How does remortgaging through a limited company work? What is the process?

If you’re remortgaging through a limited company, it’s the same as any other kind of remortgage. You start looking into it about six months before and speak to your mortgage broker.

We have a conversation with you about your plans, whether you want another fixed rate deal or a tracker mortgage, or if you want interest only. Then we go and find the lender that best matches your needs.

We process the remortgage and once the mortgage offer is issued, your offer will sit in the background so that when your current mortgage finishes, the new one takes over.

How long does that process of remortgaging via a limited company take?

On average you’re probably looking at four to six weeks, but it depends how early in the process you start the application. You can start six months before your current mortgage finishes.

You can get it all set up and agreed and once your current mortgage finishes, this one seamlessly starts.

What documents do I need if I’m remortgaging through a limited company?

It depends on the lender you speak to, but the vast majority of lenders will still want to see proof of income. If you’re employed, we need your last three months payslips, or if you’re self-employed it’s your tax calculations and tax year overviews.

We’d need to see your ID, driver’s licence or passport. Lenders also want to see your limited company bank statements and the tenancy agreements in place.

Are there many lenders that offer remortgages through a limited company?

Plenty of lenders do it, but they are more limited compared to standard Buy to Let mortgages because this is a bit more niche. Not all lenders branch out into the limited company sector, although this is becoming more and more prevalent.

So although there are fewer lenders than when buying in your own name, there are still a lot of options.