Query on debentures for ltd company mortgagesMake Text Bigger
Just wondering if anyone has any experience with Aldermore’s debenture requirements on a ltd company buy to let mortgage?
I am currently going through two purchases (in parallel – in hindsight this is a big mistake!) through my ltd company (newly incorporated).
Long story short, one mortgage is with Aldermore, and another is with Precise Mortgages.
Problem is that Aldermore requires us to agree to a debenture, and I am not sure how this will affect on the other transaction with Precise. Precise does not require a debenture with the company.
So I am now stuck unsure of which transaction to exchange/complete on first.
This has been going on for a while now and at the moment, I can’t really see the end of the tunnel!
Any advice much appreciated.
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