J
jaydoingbtl
New Member
Hi all, need some help on this before I proceed..
As the title suggests, I'm considering getting a BTL via Ltd Co. with the intention of letting it to family - who would claim housing benefit. The family already lives in a council flat and benefits from getting housing benefit. The council flat is not fit for them anymore and I thought instead of council placing them in accommodation (which would be an AST and at risk of being temporary) I can provide a more stable home with no intention of eviction.
Is there anything I need to consider, legally or financially, or is this simply another BTL via LTD Co.? I appreciate the risk of non payment and any risk of arguments arising from working with family.
thanks heaps!..
As the title suggests, I'm considering getting a BTL via Ltd Co. with the intention of letting it to family - who would claim housing benefit. The family already lives in a council flat and benefits from getting housing benefit. The council flat is not fit for them anymore and I thought instead of council placing them in accommodation (which would be an AST and at risk of being temporary) I can provide a more stable home with no intention of eviction.
Is there anything I need to consider, legally or financially, or is this simply another BTL via LTD Co.? I appreciate the risk of non payment and any risk of arguments arising from working with family.
thanks heaps!..