Restriction on Tax Relief- possibilities of incorporation as a limited company?Make Text Bigger
I own a number of BTL flats. Given the changes to tax relief I am considering putting them in to the name of a limited company.
I have been told that changing the title deeds is straightforward, but I would also have to change the mortgage as well on each flat so that the mortgage is in the name of the limited company as well as the title deeds.
To do this I would need to get the lender to agree to it and I am a bit hesitant to ask them in case they say no. The lenders are Birmingham Midshires and Mortgage Express.
Has anyone done this yet for existing ( rather than newly acquired ) properties and does anyone know what the attitude of these two lenders has been or is likely to be?
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