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Rent my property to my limited company


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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

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22 hours ago, yvonnet said:

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

You can rent you property to your limited company. The problem is that you would probably be going against the terms of your mortgage. No underwriter would approve a mortgage application for you
 

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Vin Gupta
Property Investor and Developer
UK Property Blog: https://evolutionblogger.com/article/uk-property-articles
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