Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I am in the process of selling my sole property in the UK, (which I have been letting for 10 years), and plan to buy 2 flats instead. My agent has priced the house at £325,000 and suggests 2 properties at around £160,000 each.
There is £45,000 left to pay on my repayment mortgage, therefore (excluding costs, taxes etc.), I need to borrow £40,000 to finance the 2 flats and after investigation, it would appear to be easier to raise this cash in Norway, (where I live), than trying to get an Expat mortgage.
My questions are :-
1. Should I set up a limited company ?
2. Are there any charges when transferring such a sum internationally ?
3. Is this the correct way ahead ?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More