Luke

Registered with Property118.com
Sunday 22nd March 2020


Latest Comments

Total Number of Property118 Comments: 4

Luke

14:54 PM, 10th September 2021, About a month ago

HMO rooms rated as Band A?

But is that correct to look at them as self-contained dwelling units given that they still share kitchen and lounge facilities? If so, is there a now a 'safe' level of customisation i.e. not putting in ensuites in each room?... Read More

Luke

9:28 AM, 8th November 2020, About 12 months ago

Smart Company Structures For Your Property Business

Also, just to add, does this split of shares make any difference when to lenders when refinancing the property? For example if the property values have increased from £500k to £800k, but you have assigned the capital growth to the discretionary trust. I assume not as the value of the properties the lender is securing against is still £800k (irrespective of whether £300k of that gain belongs to discretionary trust). So can i assume this share structure does not make any difference when refinancing and does not introduce additional complications (e.g. additional KYC/signature of the discretionary trust)?... Read More

Luke

8:51 AM, 8th November 2020, About 12 months ago

Smart Company Structures For Your Property Business

Does a smart company structure make it more difficult for me to get mortgage financing or is likely to lead to a higher rate being charged on any financing (given the additional KYC burden, perhaps even on each shareholder)? It makes sense but if i want to grow the business i also want to keep financing costs as low as possible.

Or is the idea you keep the share ownership for the others below 5% so that the finance provider can essentially ignore them and just focus on you?

Luke
Luke... Read More

Luke

11:08 AM, 17th June 2020, About A year ago

Rent family home and move it into Ltd Company?

Reply to the comment left by Paul McCarthy at 17/06/2020 - 10:43
Wouldn't this still trigger SDLT? As you are effectively passing property to the limited company. Perhaps it's different if you are 'gifting' it?... Read More