Business Mortgage

[Bluebird]

Can you take out a mortgage through your company as opposed to individuals?

[Mr.Whippy]

Can you take out a mortgage through your company as opposed to individuals?

Yes, your company can indeed take out a mortgage.

[northernladuk]

Yes, your company can indeed take out a mortgage.

You need to be careful though, there is a whole load of complexities and need to define exactly why you are taking a business mortgage and what happens to it as the business folds etc

If you think (which people tend to on here) this is a good way to avoid tax or get your company to pay your mortgage and all the other hair brained schemes that get ask then give more detail and ask better questions. The answer is technically yes you can do what you are asking, the realism of why you want it can easily scupper your plans.

p.s. before you do ask anymore questions though searchthe forum for the word mortgages. This has been discussed many many times

[Mr.Whippy]

You need to be careful though, there is a whole load of complexities and need to define exactly why you are taking a business mortgage and what happens to it as the business folds etc

If you think (which people tend to on here) this is a good way to avoid tax or get your company to pay your mortgage and all the other hair brained schemes that get ask then give more detail and ask better questions. The answer is technically yes you can do what you are asking, the realism of why you want it can easily scupper your plans.

p.s. before you do ask anymore questions though searchthe forum for the word mortgages. This has been discussed many many times

WHS

The original post didn't ask if it was a good/bad idea, which it clearly isn't if he just wants to buy a massive house with his company money and avoid paying all sorts of tax(es)..... I was just saying yes, it's possibly to get a business mortage

[northernladuk]

WHS

The original post didn't ask if it was a good/bad idea, which it clearly isn't if he just wants to buy a massive house with his company money and avoid paying all sorts of tax(es)..... I was just saying yes, it's possibly to get a business mortage

Yep. The fact that the OP mentioned business mortgage instead of individual starts the alarm bells ringing as you don't generally have the option of using business money as opposed to individual money for anything legitimate. Possibly another case of not realising the company's money belongs to the company and your money belongs to you.