2nd rental property suggestions please?

by Readers Question

9:15 AM, 12th January 2021
About 2 weeks ago

2nd rental property suggestions please?

Make Text Bigger
2nd rental property suggestions please?

I am looking to buy a bungalow to move out of the flat now, and have a 3-bedroom house rented out where I lived until I bought the flat to downsize in 2016.

I am considering options. I have 20% cash for the bungalow. I could remortgage my rented house to raise the rest until I can sell the flat which is worth less than I need for the bungalow anyway.

Would I be better off to set up a limited company and buy a bungalow as well as move the rented house into the company too?

I am looking for any suggestions, please.

Angie


Share this article

Twitter Facebook LinkedIn

Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

OR

BECOME A MEMBER

Landlords unable to respond to London council’s so called “consultation”

The Landlords Union

Become a Member, it's FREE

Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agents

Learn More