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  1. Hi all, Whilst not new to the BTL scene, this year I purchased my first property inside SPV / Ltd Company and as I approach the final quarter of the company accounting year, it is about time to find an accountant to take on the new area of end of year filing activities!! I would like to consider myself pretty savvy in general numbers and tax game having filed my personal SA returns for many years but the company accounts games is a whole new story that I am looking for help with. I would be happy to do my own double entry bookkeeping and provide my chosen accountant with acc
  2. Hello! That’s my first post and I’m looking for strategy advice. Here’s a little background to my story. Together with my wife we are planning to buy our first investment property by the end of this year. We live in Bristol and plan to buy in Liverpool a 3 bedroom house and renting rooms ideally around £400 each. We have £10k savings and we can have another 10k by November. In August we are going to remortgage our residential property releasing potentially up to £20k. Our main plan is to become financially independent as soon as possible. I earn 35k and my wife 13k with little p
  3. Hi everyone, I am buying a property using a limited company. The limited company is set up but I need to open a bank account (this is a lender requirement). I am an expat and am the sole director of the company. Any advice on decent business accounts - low fees, online banking and most importantly available for an expat! As always, any advice gratefully received. Cheers, JJ
  4. Hi everyone, I'm considering using the "all in" SPV Limited Company creation & management services of https://www.getground.co.uk/, which appears to offer a very attractive bundled deal of company incorporation, all filings and even company financial management... They look legit, backed by the land registry etc. Has anyone else used this service? Keen to know if there are any drawbacks or negative experiences others have had. Thanks Dave
  5. Hello all, I am looking to start my property investment journey, but I'm hoping someone might be able to advise me about the affect of SPV purchasing on your status as a first time buyer. If I buy a BTL property as the director of a SPV, would I still count as a first time buyer when I come to buying my own house? Would I be able to use my LISA when buying my own home outside of the SPV? Thanks in advance for any help and/or advice.
  6. 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
  7. Hi all, my partners and I are going in to the "flipping" and want to set up a limited company to do this, but I can't find if an SPV limited company is suitable for investors who want to flip/renovate properties to resell, rather than just buy to let. Do you have any ideas please gang? Many thanks in advance.
  8. 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?
  9. Hello All, I'm trying to get into the buy-to-let world. I don't own any properties (I rent), and I'm planning to buy properties through an SPV. I know normally lenders don't like first-time buy-to-lets, however, after speaking to a couple of brokers, they came back to me with literally 0 lenders. They said their lenders are not lending to first-time buyers through an SPV, at the moment. Do you have any broker to recommend for this case? Thank you!
  10. Hello, I would like to start building up my portfolio of rental properties in an SPV format. I am keen to start contacting mortgage advisers to look for the best limited company BTL mortgage rates. Does anyone recommend a good mortgage advisor with experience of helping a newbie get into the market ? Thanks Camilla
  11. Good evening, I apologise for how long winded I feel this may be. I feel like I am all over the spot and would appreciate the type of professionals that I could use to achieve my goals (accountant with experience in property investing, tax adviser etc) and even better specific companies who would be recommended. Ok, so I am currently a director of a ltd company which includes me and my senior director based in the North West. We have had a good few years business and have managed to survive lockdown with a reasonable pot of money in the business account. We have decided to take
  12. Hi all, Have finally decided to go for property investing as a way to reach financial freedom. Considering recent tax changes and updated regulations in this space, I’m considering doing it all via an spv and planning to start it out with an HMO. I live in London but want to steer clear of it due to high prices. So I’m looking in the usual suspects, the likes of Man, Bir, Liv... I am looking to share my experience with you guys as I go, but would also appreciate to get yours as I’m pretty new to all of this and feel like I don’t even grasp 1/10 of this subject.
  13. Hi Everyone, I am new to the forum and this is my first post. I wanted to ask for some advice when setting up and structuring a limited company. Let me explain my position so far... I currently own 1 buy to let property in my own name on a personal buy to let. This has been ticking over nicely the past few years and I am still very proud of this achievement. I have now set up a limited company SPV to buy investment property as we are all aware of the changes made which effect what you can claim as expenses versus what you now can't. Earlier this year this was all in place a
  14. Evening all, Just curious if there are any people on here who are employed but involved with SPV's I.e. Being a director/shareholder. I'm in the early stages of starting with a group of investors to buy property in the future, I've had some good advice here already and interested in setting up an SPV to make the process easier, I'm planning on setting up the SPV with all investors listed as directors with equal shares and we pay into an account monthly until the first purchase. I currently work in the construction industry as a site manager and the people I will be investing w
  15. I have a Ltd property company for simple BTLs. I am looking at investing some surplus cash into peer to peer property funds. It would be preferable (from a tax perspective) to lend from my company and the company earns the interest. My accountant has indicated that this is fine. I wonder whether there may be adverse consequences from mortgage lenders if the Ltd company is engaged in this activity? Do any hubbers have experience of this?
  16. Evening all, I have set up a LTD co with myself as only director and shareholder at the moment as it was easy to do by myself and should satisfy everything from a Lenders perspective looking at my earnings etc. I have no properties purchased through this SPV yet but want to crack on soon. I have a wife and 2 infant children. I would like to eventually pass on on the wealth created to my children when I pass away so my questions are?: whats the best way to do this? can I set them up as shareholders at this early age or wait until they're older? Would it be a
  17. If I sell my flat to the SPV, say for £450K and the SPV only has a cash balance of £400K, can the Solicitor actually complete on this sale? i.e. physically only £400K will change hands as it were. The remainder £50K will be shown as a Director's loan owed to me from my SPV LTD company. My accountant is OK with this however he isn't sure about whether the Solicitor can complete the sale without the whole value of £450K being transferred. 1) Has anyone actually done this and has it worked? If so, how e.g. did the Solicitor have to draw up a separate loan agreement so that the sale can go t
  18. Hello Everyone, I am in the process of setting up an SPV Ltd as an expat. Looking for advice on mortgages for British expats looking to borrow into an SPV for UK property? What are the time scales for approving an application? what sort of rates/fees am I looking at? Any advice is warmly welcomed!
  19. Quick question if anyone out there happens to know the answer that would be great. If I create a limited company with the sole purpose to use it to trade in btl property (an SPV) I would be able to take £5K per year in dividends tax free from company profits - would I also be able to draw a directors salary from the company (PAYE) - or because it was a SPV would this prohibit me from doing so. Might seem a stupid question but can't find the answer anywhere. Thanks in advance Mike
  20. 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
  21. 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).
  22. 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
  23. Hey, We we have recently set up a SPV limited company to purchase property in the Nottingham area. I have preferred to set up the SPV as funds will be loaned from my other trading lite company. I’m currently struggling to get good whole market advice for mortgages for ltd companies. An additional stumbling block is that I have my name on an old BTL personally , with an old business partner, which should have had my name taken off it.(my fault!) I’m trying to get mt name off this mortgage but it’s taking time! Can anyone provide advice. We have missed out on a few proper
  24. Hi everyone - can anyone advise on the tax implications of this scenario: I have equity in my main residence which I'd like to remortgage and lend the finance to an SPV ltd company to buy BTL flats. I'm a higher rate tax payer so buying in a ltd co. definitely makes more sense for me. I know if I bought the BTLs in my personal name then I could deduct part of the interest payments prior to tax. Is there any tax efficient way to claim interest relief if the mortgage is taken out personally but used to buy properties within a limited company? If I charge my company intere
  25. Hi guys, anyone out here familiar with/undertaken the process of loaning deposit funds from a Contractor Ltd Company to an SPV? I want to verify whether this method is viable and can be legitimately classified as a business to business loan under HMRC rules? Thanks in advance
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