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  • Buy-to-Let

    Sell to SPV using part cash + part Dir Loan

    If I sell my flat to the SPV, say for £450K when the SPV only has a cash balance of £400K, can the Solicitor actually complete on this sale? i.e. physically only £400K will change hands as it were. The remainder £50K will be shown as a Director's loan owed to me from my SPV LTD company. My accountant is OK with this however he isn't sure about whether the Solicitor can complete the sale without the whole value of £450K physically being transferred.

    1) Has anyone actually done this and has it worked? If so, how e.g. did the Solicitor have to draw up a separate loan agreement so that the sale can go through? Any other ways of making this happen?

    2) In the future, if the SPV then needs to take out a mortgage, will the outstanding loan from the SPV to me cause an issue with getting a mortgage?

    Thanks all.

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