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fair enough, will keep that in mind....
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I remember using Brooksons as my first accountant a while back.
As accountants they we're fine but the software was truly terrible.
Mostly because it was limited to a certain number of banks rather than any that support the OpenBanking API.
I went with CashPlus(stupid...
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Ngl I actually completely forgot about the thread from last year.
That particular house did slip through and we were pretty gutted, but tbf for different reasons than the chain falling through.
But its kinda hard to find rural homes, in an area wanted millions for less but...
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because I don't have to accept that I guess? to make matters a bit worse, we have very specific location/housing requirements, so I'd rather not let a house slip through by just not exploring the available options.
either way I've already moved onto the next hare brained idea
...
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actually maybe yet another idea.
buy this house by my LLC, which allows me to extract X the equity required.
then it allows me to buy another house and when we move out rent this one.
I just really want to avoid being in a chain haha it sounds like such a massive...Last edited by mgrover; 1 July 2024, 07:53.
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thanks for the reply,
yeah the stamp duty thing is not ideal but the refund is thankfully possible. it shouldn't hamper any cashflow problems.
the rest i guess would be up to the lender.
given it's monday time to ring the accountant and mortgage broker....
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Tbf I'll be ringing accountant Monday.
Was more testing the waters here for a more of a quick reply.
In terms of warchest I should be able to support myself for a good 3 years if my current gig goes tits up and am already set till next April if I take the money out the company....
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Directors Loan as deposit for mortgage
Hello
Currently paying off a mortgage and want to purchase another property.
Ofc the whole chain falling through doesn't seem like a lot of fun.
I am thinking, take out a directors loan for the amount of equity in this current house, use that as deposit, buy...
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15 August 2023
- 09:20 - ladymuck clicked Likes for this node: The Empire stopped me being trans-sexual! by mgrover
- 08:36 - vetran clicked Likes for this node: The Empire stopped me being trans-sexual! by mgrover
21 April 2022
- 14:16 - ladymuck clicked Likes for this node: Asked to do overtime at short notice by mgrover
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