Can I borrow through a newly created limited company if I don't have any accounts?
Can I borrow through a newly created limited company if I don't have any accounts?
Yes you can. Directors and/or majority shareholders are always required to offer a personal guarantee and as such, the lender’s focus is on the people and the mortgage is underwritten on them.
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Related questions:
Are limited company buy to let mortgages more expensive?
Will I have to provide a personal guarantee if I take out a limited company buy to let mortgage?
Will I have to put in a bigger deposit if I borrow through a limited company?
Is there a particular type of limited company I should establish in order to purchase buy to let properties?
1st January 0001