Transferring property to LTD company

[murraykerr 0]

Hi Folks

 

A quick question regarding transfer of a privately owned property into a LTD company. The property I want to transfer is without any mortgage so I guess that all that remains to be done is for a solicitor to register the property in the company's name at the land registry office. 

 

Has anyone done this before? Any idea how much I should budget for? 

 

And also when it comes to the stamp duty, will I have to pay for a valuation? and what stage of the process would I need to do this?

 

I'm an 'accidental landlord', but now that the mortgage is fully paid off I'm looking to upscale using leverage to get a portfolio together and I don't want to get hammered by S24 further down the line, so am transferring my property to a LTD company.

 

Any advice would be greatly appreciated!

 

Thanks!