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Which Business Bank Account - buy-to-let?
Suhari
Posts: 24 Forumite
Hello. Hope I'm posting this in the correct forum.
I'm buying a property to let out, via a limited company. Hoping to get some recommendations on which account might be best.
No mortgage....£200k going in for the purchase (then straight out of course!); £1k a month rent. Not expecting regular withdrawls...the rent £ willl stay there for a few years (aside from any repair costs etc).
I've had no experience with any of the app/online options (Monzo etc)...they seem to offer lower fees though.
Wondering what a solid option for me would be?
0
Comments
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If you are trading as a limited company you will need a ltd co business account.1
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Fintech banks won't accept it for this purpose, you will need one with high street bank.
HSBC or Virgin Money have free option. Otherwise NatWest etc.1 -
You may also want to consider Mettle (owned by NatWest)0
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Thanks for the comments. I'll take a look at the suggestions.1
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