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A record number of buy-to-let firms were established in the UK last year as landlords sought to cut costs by shifting rentals into a corporate structure.
Over 50,000 limited buy-to-let companies were set up in 2023, beating the record of about 48,500 in the previous year, according to a report from broker Hamptons International. While the total number of outstanding buy-to-let mortgages fell 3% last year, home loans held in a limited company — often seen as a more profitable way to let — rose 10% over the same period.
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