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Found 11 results

  1. Hi Hubbers, I am looking for a buy to let mortgage as an expat buying through a limited company and do not currently have any other properties to my name. I've checked out some other threads on this forum and extracted some brokers to contact including: AS Financial, Liquid Financial Services; Charcol.co.uk; Vida homeloans. I would really appreciate any tips / advice if anyone has any recommendations from their own experience in a similar position (as an expat buying through limited company). I have spoken with Liquid expat who have come up with an option at 4.3% fixed but would idea
  2. So i've received the following email which i have to reply to: "We now only require: - Confirmation on how the deposit money will be going into the SPV. If it’s going in as a directors loan please confirm the monthly payments, interest rate and when the full loan amount will need to be repaid. Please note the valuation has now been instructed." I've emailed my accountant to help, but seeing as i know so little about moving money into and out of a SPV i won't know the different options / if my accountant is giving me a bad option. Previou
  3. Hi Everyone, I'm completely new to property and really hoping someone can give me some advice. Basically me and my sister are looking to go into property investment together, from the people we have spoken to they have said most people these days are setting themselves as a LTD company for Tax purposes. However no-one has given us any advice other than that and i'm wanting to know how i can work out if this is going to be the best route for us to go down. . . . Also someone has mentioned an SPV to me and that this is the better option than an LTD, Please can someone tell me which
  4. Hi there, After lots of deliberation, I have decided that in order to get myself started on the property ladder and finally make my move into a career of property rentals, I am going to open up a Ltd Company. (To keep it short, my spouse owns a help to buy mortgage, meaning unless the equity loan is paid off for this home - which we cannot afford to do- , I am not allowed to apply for any other mortgage. The only way around this is to set up a Ltd company.) As someone who has not run a Ltd company before and does not know a great deal on this matter, I want to know if
  5. Hi I was wondering if anyone could help me with a mortgage. I have a limited company where the primary SIC code is dealing in finance and insurance (66220). I would like to purchase a property through the use of a BTL mortgage through my company but I am struggling to find a provider where I meet their lending criteria. They deem that my limited company is not suitable to lend to due to my SIC original activities. In a way to get round this I added the SIC code 68209 to my firm but they don’t seem to be buying this and are asking that I set up a separate SPV firm. I do not really want to
  6. Hello there, I already have a personal BLT, but since I also own a holding company [with SIC 70100] I'm trying to get the Ltd company to buy the properties instead. So far so good, the challenges I have are: Many lenders do not operate in Scotland so most of the information I can find on the net seems very rest of UK focus I like to use the holding company for this, however it seems many lenders require a SPV to do property investment and nothing else. Many specifically require a Ltd company registered with these SIC codes and to operate on those only: 68100
  7. Hi, Has anyone setup a limited company recently for the purpose of purchasing new BTL properties? For me the accountants I have spoken to have advise setting up an ltd to be more tax efficient but they have also advised checking with lenders on what their criteria would be in terms of how the company is structured etc. I've done some investigating with lenders too and so far have found out the following critieria would be needed: 1. No more than 4 directors. 2. Use one (or all) of SIC codes 68100, 68209, 68320, 68201 3. Personal garauntees to be
  8. MoneyWeek's anti-property articles came in handy this week, as Merryn has just blogged about something worth looking into if you're considering a limited company structure for your properties. Its called the Annual Tax on Enveloped Dwellings (ATED). From the GOV.UK article: From 1 April 2016 there will be a further band for properties valued between £500,000 and £1 million. This will have an annual charge of £3,500. I haven't heard or seen anything on this tax, but with Georgie Boy's dodgy antics, there's a risk this could be implemented at lower and lower price brackets.
  9. Hello all, How long is it currently taking to process a BTL mortgage within a new limited company? Has anyone recently been through this process? Will be interested to hear your experiences. Many thanks
  10. Hi All, Hopefully someone's been through this and knows the answer. I've just purchased a residential property in my Ltd company for flipping and am attempting to get the electric setup but I seem to be getting stuck at the first hurdle. I called M&S energy to setup my account (Free £40 voucher atm) however they want to put the account in my personal name to start with, then apparently it's possible, once the account is setup, to change it into a company name. They say they need to do this to credit check an individual. I wanted to know is this normal or is there another w
  11. Hi all, Can anyone recommend a good value insurance company which supplies Employer's Liability Insurance, Public Liability Insurance and Professional Indemnity Insurance for a limited company dealing with property? Thanks, Jon.
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