Hi all,
Own a small property on which would like to build a couple of apartments for investment.
1) Would like to get interest only mortgage.
2) Would like to fund my own salary from the mortgage until the apartments are ready to rent. Is this acceptable?
3) Am past 60 so would expect short term mortgage. Can i include my children somehow as part of a limited company or otherwise to extend the term of the mortgage? I do not want to incur inheritance tax at this stage. This is purely to increase the term of the mortgage and to reduce the payments.
Your help greatly appreciated,
R
Own a small property on which would like to build a couple of apartments for investment.
1) Would like to get interest only mortgage.
2) Would like to fund my own salary from the mortgage until the apartments are ready to rent. Is this acceptable?
3) Am past 60 so would expect short term mortgage. Can i include my children somehow as part of a limited company or otherwise to extend the term of the mortgage? I do not want to incur inheritance tax at this stage. This is purely to increase the term of the mortgage and to reduce the payments.
Your help greatly appreciated,
R