ASK134 - Can I buy at auction through a limited company? PLUS: Will I qualify for a buy-to-let mortgage?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 1 May 2018
⏱️ 5 minutes
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| 0:00.0 | Hi, I'm Rob. |
| 0:02.0 | And I'm Rob. |
| 0:03.0 | And this is Ask Rob and Rob, where you know the drill by now. You send in your questions and we do our very best to answer them for you. |
| 0:18.0 | Today, as ever, you have not disappointed. We've got two great questions that have come in, but before we have a |
| 0:23.2 | listen to those let's have a recap of how you can send in a question of your own. |
| 0:26.4 | Yep dead dead easy all you need to do is give us a call |
| 0:29.3 | Oh 1.13 808 triple oh 35 that's oh 1.8 a000.00.35, that's 013, 808,000. |
| 0:34.0 | 3.0.35, and you can leave us a voicemail there. |
| 0:36.0 | Or alternatively, you can go over to the Property Hub. |
| 0:38.0 | DotNet. Ask and send us a message there instead. |
| 0:41.0 | Okay, so our first question today comes in from Cameron |
| 0:43.2 | let's have a listen. Well hi Robin Rob it's Cameron here my question concerns buying |
| 0:48.1 | a property through a limited company in particular buying a property at auction. |
| 0:53.0 | As far as I can see, getting a mortgage for a limited company purchase can in some cases take some considerable time running into weeks if not longer. |
| 1:02.0 | But when buying a property at an option is typically a |
| 1:05.8 | four-week settlement period between agreeing to purchase and settling the deal with |
| 1:10.2 | funds at the auction house. I wonder therefore if it's best to simply steer |
| 1:14.7 | clear of buying its auction through a limited company if mortgage finance is needed or alternatively |
| 1:20.8 | do you have any other bright ideas or thoughts on this one? Many thanks |
| 1:25.2 | in advance and thanks again so much for all the great information and knowledge on |
| 1:29.6 | the podcast. Thanks, bye. All right Cameron as you've've rightly identified, getting a buy-to-let mortgage for a limited |
| 1:35.3 | company can be a real test of patience. It can take a ridiculously long time sometimes. |
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