Personal or company BTL mortgage?

stcross

Hi, I have a bit of a challenge and need some advice.. I'm a Director in two small businesses. One has a healthy balance and the other doesn't. For many reasons we plan to close the cash rich business and share the reserves in it jointly between the Directors. I plan to put my share into another business, which I understand means that it will not be taxed in the same way as say a Dividend or salary.

With my other business I'd like to use some of the money as a deposit on a BTL property. I will need a mortgage for the rest of the purchase. I appear to be able to raise a BTL mortgage personally way easier than trying to raise a commercial loan with the business.

The question is, can I legally personally share ownership of the BTL property with my business? The rent will pay the mortgage of course. Is it as simple as having a Deed of Trust written?

Many thanks

Thrugelmir

There's no security for a lender in a limited company owning a property.