TIP OF THE WEEK 2: PURCHASING FROM OWN LIMITED COMPANY

If you are in that catch-22 situation, where you have a property in a limited company (perhaps you originally constructed it within your company) and you have been frustrated with the inability to refinance it with any lenders on a buy to let basis, then please remember you can always purchase it in your personal name from your limited company.
At the moment if you have it with a commercial lender, they are probably forcing you down the route of a repayment mortgage, so if youre not happy with that then simply use a buy to let mortgage. Even though you own it within a limited company, because you and your limited company are two separate legal entities, it is classed as a purchase rather than a remortgage.

Call one of our advisors today for more information on any of these deals 01424 205 373 ref propertyhawk for no broker fees.

Good hunting! - Your Resident Broker -