Business Mortgage

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

northernladuk replied

3 August 2010, 15:57
Originally posted by Mr.Whippy View Post

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.
Leave a comment:
Mr.Whippy replied

3 August 2010, 15:27
Originally posted by northernladuk View Post

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
Leave a comment:
northernladuk replied

3 August 2010, 14:50
Originally posted by Mr.Whippy View Post

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
Leave a comment:
Mr.Whippy replied

3 August 2010, 13:47
Originally posted by Bluebird View Post

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

Yes, your company can indeed take out a mortgage.
Leave a comment:
Bluebird started a topic Business Mortgage

3 August 2010, 13:18
Business Mortgage

Can you take out a mortgage through your company as opposed to individuals?
Tags: None