The issue of costs that are the responsibility of the tenant?16:06 PM, 30th July 2019
About 3 weeks ago 50
What is the best way to structure this please ?
I am very close to purchasing (with cash) a mixed use property – large salon plus 3bed flat, 2bed flat, 1bed flat, 3 garages with a large garden – ALL ON A SINGLE TITLE. The properties all have their own street number Salon (6), 3Bed (8), 2bed (4), 1bed (4a).
The individual values of these properties is far greater than the price I have agreed to buy at.
My aim is to split titles into:
1 – Salon
2 – 3bed
3 – 2bed plus 1bed
4 – Garages and land
My plan is;
Sell the salon to my SSAS
Sell the Garages/Land to my SSAS (my company will rent them from the SSAS – possible future development)
Refinance (mortgage) and retain all of the flats and rent them out through my company (SPV)
1 – Should I complete the original purchase in my own name or through my existing company (SPV) ?
2 – If I purchase in my own name how do I then get them into my company ?
2 – Where is best to have the Freehold ownership?
3 – How would you best structure the above processes?
Many thanks in advance,
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More