Question:
Is there a limit to the number of people that can be named on a buy-to-let mortgage? I'm thinking of buying a buy-to-let property with my sister and her husband. When we come to sell it would we be able to use the annual allowance of all three of us to reduce the amount of capital gains tax?
Arthur Weller replies:
I don't know of any limit on the number of people allowed on a buy to let mortgage. But what I think you are asking is how many people are allowed to jointly purchase a property. As far as I know there is no limit. However, only four people are allowed to be registered on the Land Registry forms as the legal owners. But this rule does not limit the number of beneficial owners, which is what counts for tax purposes.
