Trading limited company purchase (July 2011)

Client looking to use his trading limited company to purchase his own home so that he can buy a new main residence. Funding for trading limited companies is restricted to the clearing banks or specialist commercial lenders. As the client wanted a straightforward transaction without having to move his banking, we discussed the idea of a short-term loan from a commercial lender. The client was also in a position to make significant payments of capital with a view to clearing the loan at the end of the third year.