Hello,
I finally found the right property and made an offer in my name that was accepted and put down a 10% deposit.
I made the offer under my name "and/or nominee" as I was intending to set up a company if the offer was accepted, which it was, and buy the apartment through the company.
Its a new build about a month or two from completion. So i thought i had loads of time to set up a company.
Yesterday at a BBQ I was talking to a friend and she said the company had to be formed/registered before I made the offer. i.e I can't set up a company between the offer being accepted and completion date.
I didn't think she was right but right now I feel like a complete idiot.
Has anyone purchased a rental property through a company which they set up after there offer was accepted and they paid the deposit?
Mel
I finally found the right property and made an offer in my name that was accepted and put down a 10% deposit.
I made the offer under my name "and/or nominee" as I was intending to set up a company if the offer was accepted, which it was, and buy the apartment through the company.
Its a new build about a month or two from completion. So i thought i had loads of time to set up a company.
Yesterday at a BBQ I was talking to a friend and she said the company had to be formed/registered before I made the offer. i.e I can't set up a company between the offer being accepted and completion date.
I didn't think she was right but right now I feel like a complete idiot.
Has anyone purchased a rental property through a company which they set up after there offer was accepted and they paid the deposit?
Mel
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