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:
Related listening:
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!)
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.
Have you learnt anything from a company mortgage application that other listeners might find useful?
Was it easier or more difficult than you expected?
We’d love to know, so join the discussion in The Property Hub!
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