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jitsy

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  1. Thanks for reply both, will definately engage a planner. @tom_bradfieldI'll be intouch. The difficulty I'm having right now is sourcing the commercial property with development potential.
  2. Thanks Tom - useful points. On the 3rd point, does this also apply to the rear of the property i.e. if you wanted to put in some windows on the walls or add a skylight? (For example, if you wanted to convert the rear of the property to resi use and keep a small shop at the front? The property has access at the back via a rear service road). What I'm struggling with is that there is this permitted dev right for commercial to resi conversions, but most of the properties I've seen have little or zero natural light at the rear of the property.
  3. Hi there, I'm looking to purchase a commercial property, with a view to convert part of the property for residential use under permitted development and then rent it out. Any one on here got experience of this? Any pitfalls to be aware of? I'm struggling with finding the right property in and around the London area - any commercial property sourcers on here? Thanks :-)
  4. Hi there, I'm looking to purchase a commercial property, with a view to convert part of the property for residential use under permitted development and then rent it out. Any one on here got experience of this? Any pitfalls to be aware of? I'm struggling with finding the right property in and around the London area - any commercial property sourcers on here? Thanks :-)
  5. Hi everyone, I'm also an IT contractor working through my own limited company. Similar situations described above, my company has built up surplus profits from which I would like to invest in property. I've been advised by my accountant to set-up a new LTD company to do this with. I've been advised that I can then loan money to the new property investment company from my existing limited company. Does anyone know whether I need to produce a formal loan agreement for this? My accountant has said no , but that doesn't feel right to me. Surely the particulars of the loan would need to be documented, even if I am owner of both companies? @mara escalante Mara - would you mind sharing the details of the person who helped set-up the loan agreement? Thanks, Jit
  6. Hi, I'm an IT contractor working through my own limited company. This company has surplus profits from which I would like to invest in property. I've been advised by my accountant to set-up a new LTD company to do this with. I've been advised that I can then loan money to the new property investment company from my existing limited company. Does anyone know whether I need to produce a formal loan agreement for this? My accountant has said no , but that doesn't feel right to me. Surely the particulars of the loan would need to be documented, even if I am owner of both companies? Thanks, Jit
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