newandkeenParticipant@newandkeenJoin Date: 2011Post Count: 16
Hopefully a quick straightforward question.
I do not yet know which entity I want to go for, but my superficial research has suggested maybe I want a trust. Yes, I plan to see an accountant about it. (no, I really don’t fully understand it, or even partially understand it).
My question is, do I need to know this before I start refinancing and getting set up for loans? Does it make a difference to how you structure the mortgages?TerrywParticipant@terrywJoin Date: 2001Post Count: 16,173
Better see a lawyer as trusts are legal relationships rather than entities.
Yes you need to know who the be the owner of the property and whether there will be a trust relationship before you apply for finance. It matters how you structure loans.
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