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Hi I’m hoping someone can help me. My my wife and I are buying a second home - a flat in London. My wife works 3 days in london, 2 days at home. She wants to use the flat for 2 nights a week, every week. We intend to do AirBNB let’s for the remaining days. My question: can we achieve this through an SPV ltd company? Specifically, are there mortgage products that allow the mortgage to “holiday let/short term let” and use it regularly for themselves? (Tipton BS just launched such a product but they don’t lend to ltd companies). Are there issues with the limited company allowing directors to reside? Can it be free or would a charge have to be made? Tax issues associated with this? We are also about to embark on becoming a landlord ourselves and are looking to purchase a number of properties through an SPV ltd company. Please note: We are aware of the 90 day holiday let restriction in London, and also the caveats to ensuring landlord consent to sub let on this basis. with thanks in advance.
First time poster here! I have just completed the purchase of my first property with my close friend and his Brother (we have drawn up a trust agreement!). We got hold of a great 3 bedroom house in Guildford within walking distance to town centre and Univercity. We didn't quite have enough cash to attain a BTL mortgage, but we have raised around 18% for our deposit. The plan is to live in the house for 2 years on a repayment mortgage and get up to 25% ownership. We will then move out and rent it out as a 4 bed (thanks to the extra reception room). So during these two years... as well as putting more money into the house, I will want to get hold of another property. I am still working fulltime and don't have a salary to brag about. I wont be able to save much due to living expenses & we are also going to be looking into putting in a second bathroom. So with saving nearly out the window... whats a good way to get some money together for my second investment? perhaps a remortgage? Thanks!