Incorporate rental biz - mortgages

Incorporate rental biz - mortgages

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I have a landlord client looking to incorporate due to the new rules. There will be significant cost/problems getting the properties conveyed to the company, mainly from one particular lender who will charge a huge break fee, and is likely to refuse altogether due to arrears. Can the properties and mortgages remain in the names of the individuals, but be held on trust on behalf of the company? 

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By Portia Nina Levin
06th May 2016 10:30

Hypothetically, yes. You might end up in breach of the mortgage conditions though.

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