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Account to run a property
belfastmark
Posts: 3 Newbie
My wife and her sister have inherited a property which they plan to rent out as a medium to long term investment. They need a joint bank account to pay builders and operating costs like insurance, rates etc, so it needs to be an account with cheque book, direct debit but preferably also a level of interest?
From my research, most interest-bearing accounts require a set and guaranteed monthly income (this might not be possible). Also this account is likely to be viewed as a business account - does that mean no free banking?.
Any ideas gratefully received.
From my research, most interest-bearing accounts require a set and guaranteed monthly income (this might not be possible). Also this account is likely to be viewed as a business account - does that mean no free banking?.
Any ideas gratefully received.
0
Comments
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I use Abbey.
Check out their business reserve accounts."Brevity is the soul of wit and it is also the essence of effective communication" Rush Limbaugh.0
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