ad

Ltd company BTL

R

roshbasnet

New Member
Greetings,

Just thinking about changing residential home to ltd BTL,so I can have atleast 2 properties into my portfolio but question is can I rent property from my own ltd company to live in?? Of course I will be paying market value rent.

Cheers
 
E

Edwards&PlumbProperty

New Member
HI Rosh,

There ae a couple of things you can do.

Firstly you will pay stamp duty again if you convert a house from your own name to a LTD company. Check this with your solicitor.

I am not sure i fully understand what you are trying to do? Do you mean put the house into a LTD company and then rent it out? You can do this, But as mentioned you need to check your stamp duty.

You can put more than 1 house into a LTD company structure, another method which is going around at the moment is to set up an SPV for each house, this means you can sell the company not the house. The only issue i have found within this system, firstly mortgages are not the best and there are limited lenders with around 4-6% interest rates. Second problem is that you nee to o accounts each year and there is some running costs behind it.

Hope this helps.

Thanks
Jordan
 
D

DokottoYumey

New Member
Hi! A useful post that will help you learn more!
 
Top