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I have £250,000 cash in a limited company. After speaking to inheritance tax advisor I plan to pass the company shares into a discresionary trust and buy two buy to let properties raising a £125,000 mortgage on each. Are their any lenders which would grant a mortgage to a trust.? I am aged 65 and have a property portfolio .
I have tried h. s .b. c. who I bank with , also Barclays , allied irish and several online brokers but no one will touch it, can you recommend a broker who would be interested
Hi you say any broker will be able to help but this morning have tried several with no joy, spoke to handlesbanken and they are not interested. perhaps you can sort me a broker who is ??
Hi Have been advised to transfer company shares to trust then raise mortgages in company name but as soon as I mention discresionary trust nobody seems to be interested. should I speak to alexander hall or can you get them to contact me , thanks
Yes I have, and have been told it will complicate things as lenders must be told if properties are transferred to a trust.