BTL Ltd company Mortgage and source of Refurb propertiesMake Text Bigger
I am looking to purchase couple of investment properties. I already owned 2 properties in joint names with my wife ( one our main residential and another BTL). We are looking to purchase properties which require refurbishment so once we get the work done, we can either sell it or release equities for the next project.
(i) Would it be better for us to purchase the properties using LTD company structure? I already have one ltd company (for non property purpose) so can we use the same one or it make sense to set up a new one? I am higher tax payer full time employee and wife is house wife – non tax payer.
(ii) Also, is there any particular website where we find ONLY properties which requires refurbishment, repossessed and auction properties? When I searched online, there are many companies which claim to offer such services, but at a very high price.
Is it really worth that sort of fees and has anyone use them? I know that nothing comes up free but don’t mind paying a reasonable amount as long as its worth.
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