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While it seems common place to refinance properties owned in an SPV and use the proceeds to fund the deposit on further properties, what options are there to access that equity if one doesn't want to grow there property portfolio any further..? Since equity released by refinancing is not a profit, I imagine it is therefore impossible to extract the equity through dividends - one would instead have to sell a property and record a profit?? This seems like a significant drawback to me compared to owning property in my own name, considering that I don't intend to just forever buy more and more property... (but might want to buy enough to otherwise make an SPV worthwhile..) Looking forward to hearing what people have to say on this. Thanks in advance!

Hi there, I hope everyone is well. I am having trouble with mortgages due to being paid in a foreign currency (Euro), this isn't a new issue for me, I've made 2 purchases in the past as personal mortgages and have struggled then as well, I've dealt with a couple of different brokers and all roads seem to lead back to Santander. They deduct 25% from my salary in the calculations for currency fluctuations, and they also (along with every other bank I've spoken to) will not take into account the fact that I legally do not pay tax in the UK on my salary. I report my earnings to HMRC each year through my accountant and due to the industry I work in and time I spend out of the UK I effectively get a full tax refund, but it never leaves my account. The two reasons above mean that I end up getting offered a lot less than if the amount I take home each month were earned in GBP and was net after tax, which it effectively is for me. My wife and I own a home with a mortgage and have carried out major renovations since buying at a good price. The current value is between 575k and 600k, with a mortgage of 332k left over a 33 year period, 3 years left of a 5 year fix. My plan was to take out additional lending of around 100k against the new value of the home, keeping me below 80% LTV, and use the 100k to invest in BTL's. So far I've had no joy with our current lender, despite being able to afford the repayments without including any rental income. I have also not yet attempted to get a BTL mortgage, but imagine this will carry the same issues, whether I apply via a Ltd company or in my own name. If anyone has any advice or can suggest a specialist lender that can look closer at individual situations it would be greatly appreciated. Thanks in advance Adam

Hi, This is a medium-term planning question which I would be very grateful for help with. My current situation is that in addition to a small portfolio of 3 properties, I have salaried job in the public sector (reasonable salary) plus my own business, which is a limited company in a field unrelated to property. The company has been established 5 years with accounts showing good turnover + profits etc. At present, money from Ltd company is taken out in dividends to me or close family and it pays no salary to me or anyone else. The properties are not in a Ltd company, but if I purchased any new properties I would put them in a Ltd company. I wonder if one day I might want to give up the day job and focus on the existing Ltd company (non-property) and property (in a Ltd company or otherwise). I hear from various sources (and remember, although it's been a while) that it is either helpful or necessary (depending on the provider) when taking out a new BTL mortgage to have a salary (eg of £25k+). My question is as follows. If I give up the day job, but my non-property Ltd company starts to pay me a salary instead of dividends, then is this likely to be an acceptable salary for BTL mortgage application purposes? If so, for how long would this need to have been paid before it is taken into account? Many thanks indeed, Andy