UK Landlord Forum / Life

Hey, I'm new to this forum so thanks for reading

Basically I'm in the Middle East working, have saved some money and I'm interested in investing in property back in the UK before moving back.

My mate and I have agreed we'll work it together (He's an electrician and lives in the area we're looking at - Same area we've grown up)
There are a few things I was hoping anyone with information/ knowledge or advice could help me with.

We intend on setting up a company to purchase the property and use this company to manage and make further investments (all going well).

We will share ownership, I will provide a larger portion on money whereas he will manage, fix, arrange tennants etc...

Is it as simple as setting up a company and when buying a property buy it through this?

1.   Do Banks/ Lenders expect companies to be established - prior to lending
2.   Property prices are still low in the area and from experience (of renting in the area) the Return from rent will cover mortgage costs & other incidental costs. Will the lender provide the lending on a mortgage basis or would we be expected to provide a business plan – Prove or outline expected ROI etc?
3.   Regarding the Buy to let mortgage, is  the requirement to provide a 25% Deposit? Is this the same for companies and individuals alike?
4.   As i'm an expat, with no income in the UK will this affect lending etc?

Can anyone recommend: -

1.   A company we can use to buy or form our Ltd company?
2.   My mate is a homeowner in the UK – Would you recommend using this as his Business address?
3.   An accountant/ Advisor to deal with?
4.   Suggest likely %'s of Deposits, interests rates, Insurances and anything else I might have missed.

I know I've listed a lot of questions – Any information, even if its another website/ book or article so I can read further on would be appreciated.

Thanks Guys!

I would also like some help with this.
I have a portfolio of property and need to know the pros and cons of transferring it to a Limited Company.
Will it mean I can borrow for longer?
Will I be able to purchase more property more easily?

Does anyone know a property tax expert?

Thanks

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Hi there,

I work for Advocate Finance Ltd. We're based in Colchester in Essex but deal with clients all over the UK.

We specialise in mortgages and finance for limited companies looking to buy property and buy to let properties. Why not give us a call to discuss this further. Our telephone number is 01206 544333. Hopefully we'll be able to help you.

Regards Freddy