Since quite a lot of replies here are a waste of time, hopefully if someone else reads this, finds my research helpful. Following a few outside of this forum research (FREE OF CHARGE ): lenders don't like changing a normal trading company into an SPV. And though SPV is a limited company, if the purpose is to end up having more properties in time then its best to set it up as SPV for buy to let and property management. Lenders tend to apply higher rates if you're not an SPV thus buying via any other company is discouraged. So the problem for anyone with any other types of LTD except for SPV for buy to let is that there is not a lot of finance options available. Perfectly reasonable to do so though if no loans are needed.
This is the very bit that get's me. All I found is that it limits me to property management so I can't combine the activities under the same company. This is why I'm worried that if the property investment bit becomes a bigger source of income then can I change it all in SPV.
If you can't help with some valuable info then I would prefer not to receive any. Might as well close the blog if all we do is send people to advisors. I'm always doing a lot of research myself before I blind fold my eyes and follow a direction.
My answers
Thank you. Yes, it always made sence that SPV is a type of limited company, namely a company with restricted SIC.
Sorry to break your heart, but I actually talked to people who know what they talk about
It will be HMO yes
It will be HMO yes
It will be HMO yes
Since quite a lot of replies here are a waste of time, hopefully if someone else reads this, finds my research helpful. Following a few outside of this forum research (FREE OF CHARGE ): lenders don't like changing a normal trading company into an SPV. And though SPV is a limited company, if the purpose is to end up having more properties in time then its best to set it up as SPV for buy to let and property management. Lenders tend to apply higher rates if you're not an SPV thus buying via any other company is discouraged. So the problem for anyone with any other types of LTD except for SPV for buy to let is that there is not a lot of finance options available. Perfectly reasonable to do so though if no loans are needed.
Hi, sorry, but the link is an Ebay toy?
No, sorry, I'm looking into my options now.
This is the very bit that get's me. All I found is that it limits me to property management so I can't combine the activities under the same company. This is why I'm worried that if the property investment bit becomes a bigger source of income then can I change it all in SPV.
If you can't help with some valuable info then I would prefer not to receive any. Might as well close the blog if all we do is send people to advisors. I'm always doing a lot of research myself before I blind fold my eyes and follow a direction.