Good morning. I have a quick question. We are considering buying a house under limited company name. I need guidance on following.
1) Is is possible, advisable to buy a house under company name?
2) Implication of it if we stay in that house? i.e. bok taxes etc
3) In case of non-contract renewal how do we handle mortguage payment? Can we (directors) take over then?
4) To cover down payment can company borrow from directors as loan? Does limited company pay intrest on borrowed money?
Also any other things you think we should consider against buying house on company name.