Transfer from SPV to personal ownership
At Orton Financial, we specialise in finding solutions for complex situations. One example involved a client who wanted to convert a previously rented property from their limited company (SPV) into their main residence. However, a mortgage on the property made it difficult to raise funds for the purchase.
While most lenders hesitate in these scenarios, we can arrange the transaction through select high-street lenders. There are specific requirements, such as fair market value purchase and proper stamp duty payment. This approach offers a valuable solution for “de-enveloping” a property.
Buying High-Value Property with Reduced Stamp Duty
Many high-value properties are owned through corporate structures, offering advantages like reduced stamp duty. As a buyer, you’d acquire shares in the company holding the property, not the property itself. This significantly reduces your tax burden as stamp duty doesn’t apply. Instead, you’ll pay a much lower Stamp Duty Reserve Tax (SDRT).
Important Note: While this method offers potential tax benefits, navigating corporate structures and tax implications can be complex. Orton Financial is not a tax advisor. We recommend seeking specialist tax advice to ensure the most suitable approach for your individual circumstances.
Obtaining a Mortgage for a Share Purchase
While obtaining a mortgage for such a purchase can be challenging, Orton Financial can help. We arrange mortgages specifically for these types of transactions, eliminating the need for expensive short-term financing
Speak to an advisor
While obtaining a mortgage for such a purchase can be challenging, Orton Financial can help. We arrange mortgages specifically for these types of transactions, eliminating the need for expensive short-term financing. Contact us today to discuss your options and explore how we can help you achieve your property goals.