I have been offered the opportunity to buy a limited company that has been set up as an SPV and owns 33 properties. Whilst I appreciate there is a huge amount of due diligence to be conducted on the company, properties and people involved, I wondered what process people would advise;
1. Is it as 'simple' as buying any other limited company in that I could just buy the existing shares at an agreed price? At which point I take responsibility of all assets and debts held by the company?
2. Or would I have to remortgage the whole portfolio to cover the outstanding debts? This seems odd as the properties are owned by the company, not an individual but I've been getting conflicting advice from mortgage brokers.