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Protecting But To Let Investment From Divorce

skywalker007
skywalker007 Posts: 20 Forumite
in House buying, renting & selling
I am married and i have my own place which i currently pay a mortgage on but i am looking at starting a buy to let business.My parents wants to provide me with funds to start it.This will be an international transfer as my parents are not from the UK.

What's the best way of protecting my parents investment in a case of a divorce? I was thinking of opening a limited company and if possible add my parents as shareholders but i don't know if this is allowed or can even protect me in case of a divorce. Can anyone advise the best way of handling scenarios like this?

I have seen scenarios like this go bad when one partner borrows from family and friends to start a business and divorce crumbles it all with the other half taking half.I know when the main house, its 50 50 or 60-40 but i am not bothered about that. its the investment money and business i am worried about.I love my wife but will want to protect the investment given to me just in case things goes south.
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Comments

  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    The only way to protect your assets in a divorce, is to not get married
  • markin
    markin Posts: 3,860 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Keep it in your parents name and charge a good management fee.
  • Tom99
    Tom99 Posts: 5,371 Forumite
    1,000 Posts Second Anniversary
    Your parents can lend you the money and have a charge on the property.
  • 00ec25
    00ec25 Posts: 9,123 Forumite
    1,000 Posts Combo Breaker
    Tom99 wrote: »
    Your parents can lend you the money and have a charge on the property.
    this is the best option
  • cattie
    cattie Posts: 8,844 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Why 3 different posts to ask the same question??? You need to give folks a chance to actually read your original post & reply with advise if they can.
    The bigger the bargain, the better I feel.

    I should mention that there's only one of me, don't confuse me with others of the same name.
  • skywalker007
    skywalker007 Posts: 20 Forumite
    cattie wrote: »
    Why 3 different posts to ask the same question??? You need to give folks a chance to actually read your original post & reply with advise if they can.


    I was making changes to the post but had no idea is was creating a new one. I'm trying to delete it now. Thanks
  • skywalker007
    skywalker007 Posts: 20 Forumite
    markin wrote: »
    Keep it in your parents name and charge a good management fee.

    Is it possible to buy the house in my parents name even though they are not in the UK? Any advise on the process? Thanks
  • skywalker007
    skywalker007 Posts: 20 Forumite
    Tom99 wrote: »
    Your parents can lend you the money and have a charge on the property.

    Thanks Tom. Do i have to drawn up this agreement before or during the purchase of the house?
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Second Anniversary Name Dropper
    Will you have mortgages on the properties you intend to purchase?
  • danlewi2
    danlewi2 Posts: 186 Forumite
    Fourth Anniversary 100 Posts Combo Breaker
    What does your wife say?
This discussion has been closed.
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