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alex wright

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  1. Ok thanks Onkar, good luck with the current application, I would suggest that you keep nudging everyone involved in it at every opportunity, chasing solicitors, valuers and broker to make sure that things happen on time and you don't have to repeat any parts of the process, thanks for your response and once again good luck!
  2. Has anyone else had a bad experience with Paragon over a remortgage specifically with using their panel solicitors, valuations and then offers expiring? Or have I just been very unlucky?
  3. Have you thought about living in the property you buy and renting the other room out? Are you flexible to move or tied to east London? If you could live in Luton, even short term, you could get up and running and save the rent you would have paid out? Might be a non starter but maybe worth considering if not. As per James' reply I think it is going to be very tough for you in the current climate but good luck, there is usually a way!
  4. Good question, in theory I don't see why you couldn't but why not consider switching to a repayment mortgage partway through the 25 years? When would depend on how quickly you are purchasing other properties for the portfolio. When you have the magic number of properties the rent coming in should be able to cover interest and capital which would decrease your tax liability for the Ltd. Then when you come to pass the company on you have fewer if any liabilities and they can worry about paying more tax!