Finance for limited companies: what you need to know

Buying property within a limited company is becoming increasingly popular – but when it comes to obtaining mortgages for companies, there are some extra considerations you need to know about.

This week, with the help of our friend Dave Cookson from TC Financial Services, we’re running through the important details you need to be aware of. Including:

  • The kind of range and selection you can expect to choose from
  • How to set your company up correctly
  • The documents you should have to hand before you start
  • The personal requirements for company directors that lenders will want to see
  • How to handle the tricky issue of multiple lenders against the same company
  • Why this type of lending is particularly attractive for contractors and business owners
  • What Dave thinks lies ahead for the sector

Related listening:

Resource of the week

If you ever need to visualise a process, a flowchart or a mindmap, draw.io is a great free tool to use. Rob B recommends it for fans of Lucidchart, who are now seriously restricting their free plan (the cheek!)

News this week

It won’t have escaped your attention that the Bank of England have cut the base rate to 0.25%, as reported by the Economist – as well as announcing a new round of quantitative easing.

If you’ve got tracker mortgages, enjoy the lower payments! As for the longer-term consequences…we’ll be getting into that next week.

How to listen

Subscribe in your favourite podcast app to get every episode automatically sent to your phone.

Get involved

What do you think?

Share your thoughts on this episode – and find out what others are saying – in the Property Hub Forum.

Go to the forum

Get on the show!

Did you enjoy this episode? Then please leave us a review: it’s the best way to say thank you, because it helps others find us.

To show our appreciation, we’ll read out your review on the show! Learn how to leave a review in Apple Podcasts.

You might also like...