Ouch. Four directors, three properties and one lender. Cost for Independent Legal advice £300 per person per property – £3,600 in total.
Always make sure that independent legal advice is included within the legals quote for a limited company BTL mortgage.
Lenders are usually happy for the company’s solicitor to do this, however most solicitors class it is a conflict-of-interest and refuse. Make sure this is covered before solicitors are instructed.