Greens and BTL

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So the Greens aren't going to get anywhere (long may that continue!) in this election but the BTL mortgage interest part of the quote below got me thinking, how could this be implemented? If the property is owned privately then I think that I can see how it could be introduced but if the property is owned in a company then I don't see how it could be implemented. Any accountants clear this up for me as I think about whether to buy BTL in my name or a companies as I can see Labour looking to do something similar when they next get in power.

"The Greens would aim to help the nine million private renters in Britain by capping rents, while the introduction of longer tenancies and a licensing scheme for landlords would provide greater protection for tenants.

The party would also make buy-to-let less attractive by removing tax incentives such as the deduction of mortgage interest as an expense and reforming the “wear and tear” allowance. The aim would be to reduce pressure on house prices."

http://www.insidepropertytoday.com/which-political...

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Sarnie said:

Centurion07 said:

Sorry, nothing useful to add other than when the subject of purchasing BTL's via a company or not comes up, the general consensus around here is using a company is a bit of a ballache, for lots of reasons.

It is a ballache.

Agreed and I have no doubt on this I was trying to figure out if it was financially worth taking the pain. I wouldn't be planning to take the income out of the company for at least 20 years when my marginal tax rate decreases which is why I started looking at the option initially...

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Feels like a good time to revisit this what with the 40% tax on privately owned BTL's being reduced and now the extra 3% stamp duty being announced which are the kind of measures I was expecting. Is the consensus still that it's not worth doing or have any of the mortgage lenders cottoned on to this and started offering for more lending to companies?