Trading limited company purchases ex-Local Authority house

A client approached us looking to source buy to let finance. He was a trading limited company with a sole director. The client wanted to purchase an ex-Local Authority 3-bed terraced house to rent out on a standard AST.

The client could show us his property portfolio – made up of 5 properties and provided us with 2 years SA302s, 2 years trading accounts and all necessary ID and proof of address documents we requested.

Visit also https://careaccountancy.co.uk/tax-news-in-uk/ for details about current tax affairs.

Hence, we were happy with the level of information and were able to obtain a mortgage offer for the client. A 5-year fixed product at 75% LTV.

If you are a trading limited company and want to purchase ex-local Authority house, please contact us on 0113 2488181 to speak to one of our mortgage advisors or click here.

Please call us at 0113 248 8181 or drop by our office at 188a Roundhay Road, Leeds LS8 5PL to discuss your mortgage-related needs. We will give you a ballpark figure as to the amount of financing available based on your personal circumstances. We are here to assist you to manage the entire mortgage application.

Do you want to form your own limited company? Click here.

Leave a Reply

Your email address will not be published. Required fields are marked *