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, I'm Keith and happy to help you with your question.
My immediate reaction is to approach your bank or building society start. Failing that consult a mortgage broker or an independent financial adviser(IFA) to assist in finding a lender willing to advance moneys against such ventures. The interest rate, which would be allowable against the rentals Tax purposes, would be reduced if the loans raised were secured on the properties. Both mortgage brokers and IFAs will be licensed to give advice on the raising of loan capital.
I do hope I have shown you a way forward in this matter.
Sorry I think my question was too open ended. I think we all know about raising money thr bank and ifa etc etc..my question to narrow down is should I raise capital thr a bank via my my existing company (but I have to put down 25% refundable tax loan with hmrc) or as a personal loan which means I have to extract more money out of company ( hence more income tax )to pay loan or are there other cleverer ways?
the problem is my salary declared is next to personal allowance close to around 10k..so if the bank can only lend 4 x my salary then we looking at 40k max ..I and wanted to raise enough to pay properties in region of 150k per propertye at least..You said that company loans to director are faught with danger but you also say rasing a loan thr your existing company might be best solution - sounds contradiction what you said - I must have misunderstood what you mean by that?