Phil

Registered with Property118.com
Tuesday 21st April 2020


Latest Comments

Total Number of Property118 Comments: 2

Phil

23:03 PM, 1st February 2021
About 3 months ago

It's official - NO NEED to refinance when incorporating into a limited company

We have a number of properties in our personal portfolio which are all mortgaged and it was welcome news that they can be incorporated into my limited company without re-financing.
There are two points that the excellent video did not cover:
• whether SDLT would be payable on the transfer
• If the mortgage term expires, does that mean we would have to take a business mortgage to re-finance it at that point in time or can we re-finance it personally ?
Perhaps you can throw some light on these queries....Thanks... Read More

Phil

21:15 PM, 23rd April 2020
About 12 months ago