9:16 AM, 18th March 2019, About 3 years ago 3
I am trying to help a friend who has 4 BTL properties all owned as an individual (rather than as a company). At present each property has a mortgage ( across the portfolio the LTV is approx 35%).
Not looking to take out any additional lending but the endless new mortgage arrangement / booking fees/ valuation fees for a fixed period are a drag and are really adding up.
So my question is it possible to have one mortgage or loan secured against all the properties? Or is the only way to do this by incorporating the properties and getting a commercial loan.
Any help much appreciated.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Previous ArticleDoes bathroom with window need extraction fans?
Next ArticleFire starting tenant an "affront to human decency"
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|