Business banking for landlords?

by Readers Question

13:58 PM, 19th June 2014
About 7 years ago

Business banking for landlords?

Make Text Bigger
Business banking for landlords?

Wanted to pick your brains on business banking. 

I have 5 properties, one I live in and the other four let out.

My accountant has advised me to open a business bank account. Is this the right way forward?

I guess it may depend on strategy, mine is to hold the property’s long-term. Business banking for landlords

I guess business banking is just another monthly cost when you can use personal bank accounts for the same exercise, but for tax purposes I want to do the right thing.

Which business banking do you use?

Is there a specialist one for property management or would an online business bank do the job?

Thoughts please,

Many thanks in advance.


Share this article

Twitter Facebook LinkedIn


Mark Alexander

18:18 PM, 20th June 2014
About 7 years ago

Reply to the comment left by "Mick Roberts" at "20/06/2014 - 17:59":

Nothing more to tell really, just ask your bank if they offer that facility and if they don't, find one that does.

Colin McNulty

12:10 PM, 21st June 2014
About 7 years ago

If you're a member of the Federation of Small Businesses, they have a deal with Coop for free business banking:

1 2 3

Leave Comments

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

Forgotten your password?



Scotland to introduce EPC Min Band D

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