Myth-busting – Electrical Safety installations Act 202011:19 AM, 3rd August 2020
About 2 weeks ago 82
I want to buy an HMO which is already held in a SPV Ltd company.
I want to retain the same structure going forward and therefore want to buy the limited company.
I’m looking for a lender who understands the transaction, where ultimately they would be valuing the asset held in the limited company and basing their lending on this (i.e. a mortgage). I appreciate as a director I will need to provide personal guarantees, which is fine.
I’ve already discussed this with a few lenders, who have said they aren’t geared up for it – i.e. Paragon, Vida, Shawbrook
In appreciation of ideas ….
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