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Found 11 results

  1. Hello, I apologise if this has been asked before. I have a property (owned personally) which is currently on a BTL mortgage which is to be refinanced. The tenant is moving out but I wish to now start a service accommodation business through a limited company. Can I use a commercial lease to rent this property from myself? If so, what mortgage do I need, would a BTL mortgage suffice with a guaranteed rent from the (my) limited company? Any tips would be appreciated and welcome! Yvonne
  2. ----------- Context -------- I have a BTL property owner jointly under me and my wife's name. We both are high rate tax payers and thus paying considerable amount of Tax on the rental income. We want to 1) Take out equity from this property to invest in future purchases. We have almost 40% equity currently 2) Move the property into some sort of Company structure when we remortgage it in end of April 2021(Hoping that the SDLT relief will be extended). As the early payment-charge on existing mortgage deal make it impractical to purchase through company currently. 3) We
  3. Hi All New to this site and Property but wondered if you might be able to offer some more insight to my 2nd home situation. I own a flat which i want to change to a BTL. Using some Equity and combining my income with my partners we will buy a second home to live in. My Broker suggested selling my flat to my own (new) Limited company as a way round the Stamp Duty on our new purchase. But she also said to check with my Solicitor to make sure the Company wouldn't have to pay SDLT, or indeed us. I am not looking to draw an income on the BTL yet so am happy for the profit to sit an
  4. Please help: Cladding prisoner looking for cost effective way to move house! Background: Currently I own a flat (Leasehold) in East London and live there with my partner and our 8month old son. It was purchased off plan in 2015 and we have lived in it since construction was completed. Last year we tried to do an equity release on the flat to fund an onward purchase and were told by the lender they couldn’t do this without an EWS1 form. We lobbied our Freeholder (Peabody) and 8 months later the block recently had a Fire Safety inspection for an EWS1 Form and received a B2 rating, mean
  5. Hello, I am a new investor and understand you can take £3k out of your limited company into your personal name / year tax free as a dividend. I have three questions relating to this. 1. really I would like to continue building money within the company to invest in further buy to let properties. Therefore is it possible to take the £3k from rent/ year and immediately re invest the money as back into the company so that you could take a tax free lump sum in the future as this would in effect be your company returning the money you lent it? Ie. The same as you can remove your initi
  6. Hi all, hve a very quick question; I am planning to lend some money to my own limited company (zero interest) to buy a BTL. I believe this is called director’s loan so that my limited company can pay it back to me in the future without any tax implications. My question is, do I need to fill any standard forms to establish this loan relationship between my self (director) and my company? thanks in advance volkan
  7. Hello All! Over 2019, my partner and I have been educating ourselves about property and all the ins-and-outs of BTL. We have managed to save £30k, and now we need to take the leap of faith and actually start DOING some investment!! I'm the kind of person who has to have a clear plan of action, and I'm really struggling to nail down the process to purchasing our first BTL. After many discussions and considerations, we have decided that buying property as an SPV Ltd company will be the best option for us (both in terms of tax implications, and long-term goals). We would be so grat
  8. Hi all, Does anyone have experience of paying salaries from a Ltd company? I would like to pay my partner a small salary for her contribution to my BTL business. I am not based in the UK, but the company is. I would like to pay, say £5,000 p.a. Are there any implications to consider? Should I appoint her as a director? I will discuss this with my accountant, but would be good to hear any other experiences. Thanks JJ
  9. With two business partners we are setting up a LTD company with the aim of building a BTL portfolio. We are want to know if dividing the portfolio is a possible exit strategy. I assume this would mean the company would sell 1/3 of the properties to the leaving shareholder and the sale will be taxed on Capital Gains and Stamp Duty. Is there a practical strategy we can implement while structuring the LDT that would help us avoid taxation later? I was thinking of an ownership rota: As the portfolio grows, each partner gets ownership of 1 property while the other two get the first charge
  10. Hi Hubbers, Has anyone had any experience with joint Ltd Company BTL mortgages? The situation is that I want to do more renovations to rent, 50/50, with a colleague who also uses an SPV. We would be buying the properties cash and then financing them once value had been added. The aim would be to hold the properties 50/50 going forward. However, coming up against it with joint limited company BTL mortgages, has anyone got any experience with this? Many thanks, Jack
  11. 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
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