Special Purpose Vehicle Company - Accountants For SPV Company
Set up SPV for special purposes such as buying a property, Starting a specific venture, or setting up an investment company
As property rates shoot across the UK, buying property for letting out or renting out is fast becoming a popular source of income. Landlords may choose to buy property under their own real estate front name.
To do so, they must get a buy-to-let mortgage under their name too. This option has several financial drawbacks. The other option many landlords is to set up a Special Purpose Vehicle company, SPV for short, through which properties for letting out can be purchased.
Before setting up an SPV, it is crucial other investors to understand all related facts about what they are, how they are set up, advantages and disadvantages.