May possibly default on my Buy to Let properties?Make Text Bigger
I have a number of Buy to Lets purchased high end of market in the Liverpool area. All are in negative equity, struggling and I need to make decisions on what to do with them.
I am possibly looking to give the keys back to the banks and building societies, but when sold the short fall on the properties could be £200,000.
I am living in rented accommodation myself and have a limited company. Can the banks and building societies pursue my limited company for the shortfall?
I have no savings just a pension in a SIPP.
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