10:31 AM, 21st September 2021, About 2 years ago 19
Hi there all, We have three BTLs with three individual mortgage providers which are Virgin Money, Santander and Halifax in personal names obviously section 24 and the tax implications are an issue.
We are looking for some guidance on whether we will have to refinance all the properties to be able to move them into a limited company because they are with different providers or do most mortgage providers allow you to transfer the mortgage/asset into a limited company.
I have tried calling one of the mortgage providers, but don’t seem to get a straight answer and just get passed around.
Any help or advice would be helpful trying to find out somebody’s basic information before I contact property118 for the consultation and find out I’ve wasted everyone’s time and the £400 which I don’t mind paying for if there was a solution that is financially beneficial
Thanks for taking the time to read any feedback would be helpful.