ASK207: What do I do if I can't get a limited company mortgage? PLUS: Should I buy on the crossrail route?
Manage episode 243992760 series 2500358
We’re back again this week for another Ask Rob & Rob.
Our first question this week comes from Dorian. His question is around income tax for buy-to-let properties, with the new Section 24 rules.
Dorian and his wife are looking at investing in their first buy-to-let and they’ve been told that a lot of lenders won’t lend them the funds through a limited company because they’re first time landlords.
Their other thought was to purchase as individuals which will then result in the income from the property being fully taxed on.
So Dorian wants to know if there’s a way around this? Can they own the property as individuals and put the income through a company, or is that not doable?
Rob B clears up the speculation on what Dorian has already been told and what he can do.
The second question comes from Esmarelda who wants to know if she should invest her £230,000 in an apartment in Plumstead near the Crossrail or a house in Luton?
We gathered from her question that she may want to be sticking to investing in the south, so Rob D pinpoints some areas that would be best to consider if the south is at the top of her checklist.
Tune in to find out where he suggests.
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