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The Property Podcast

TPP178: Finance for limited companies - what you need to know?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 11 August 2016

⏱️ 25 minutes

🧾️ Download transcript

Summary

Buying property within a limited company is becoming increasingly popular – but when it comes to obtaining mortgages for companies, there are some extra considerations you need to know about. This week, with the help of our friend Dave Cookson from TC Financial Services, we're running through the important details you need to be aware of. Including: The kind of range and selection you can expect to choose from How to set your company up correctly The documents you should have to hand before you start The personal requirements for company directors that lenders will want to see How to handle the tricky issue of multiple lenders against the same company Why this type of lending is particularly attractive for contractors and business owners What Dave thinks lies ahead for the sector Related listening: TPP125: Should you create a limited company for your property portfolio? TPP124: Post-budget survival tactics for property investors Free video course: Should you use a limited company to invest in property? Resource of the week If you ever need to visualise a process, a flowchart or a mindmap, draw.io is a great free tool to use. Rob B recommends it for fans of Lucidchart, who are now seriously restricting their free plan (the cheek!) News this week It won't have escaped your attention that the Bank of England have cut the base rate to 0.25%, as reported by the Economist – as well as announcing a new round of quantitative easing. If you've got tracker mortgages, enjoy the lower payments! As for the longer-term consequences...we'll be getting into that next week. Join the conversation Have you learnt anything from a company mortgage application that other listeners might find useful? Was it easier or more difficult than you expected? We’d love to know, so join the discussion in The Property Hub! If you enjoyed The Property Podcast, please leave a review on iTunes Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air. If you’d like to hear your name on the show, leave us a review on iTunes here. Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.   See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hello everyone and welcome back to the property podcast I'm Rob B and joined of course by Rob D.

0:05.2

A few weeks ago we talked about alternative finance but this week we're going to look at a growing industry

0:10.6

that everyone seems to be talking about but not a lot of people know much about it.

0:14.4

It's financing through limited companies.

0:17.0

Thank you for joining us for episode 178 of the Property Podcast.

0:26.8

This should be a popular one because more and more people are buying property within a limited

0:32.0

company. We'll go into the reasons for that later.

0:35.3

When you need financing for that, there are certain things you need to know. If you know them,

0:39.5

it can go very well. If you don't know them, you by end up getting tripped up,

0:43.4

slowed down, disappointed, any number of things. So with a little bit of help this

0:47.3

week we're going to tell you what those things are so you can have a nice

0:50.9

easy time of it. Also we've got a great resource of the week and a news story.

0:56.0

You can probably guess what it is if you've been paying any kind of attention.

0:59.0

But first, Rob, we were at Meetups last night. How was for you we were it was brilliant I got there a little bit late because of some work commitments but when I did it was very very welcoming the King's Cross meetup is normally a busy one and I've been a couple of times

1:14.4

before. They were downstairs this time which is great. As always though wherever you go

1:20.3

everyone was very warm, very welcoming and you always get good ideas as well because the

1:24.5

podcast obviously it's one way you know where we're talking at people and they can't talk back and you can do

1:29.8

but you probably just look a bit silly but at meetups, people can grab you for a few moments,

1:35.2

give you some feedback, give you some ideas.

1:37.4

So I always take away things from the meetups,

1:39.3

which are really, really good.

1:40.6

I haven't decided where I'm going next month yet,

...

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