hi,

I am currently wanting to open a new bank account (on top of my current ones) and need some advice.

I own several properties and I am wanting to put the mortgage payments (direct debits) in to this new account. I would also like to place the home insurance in to it too. At the same time I want to put the standing orders from mr tennants (rent) in to this account too. Effectively transf. all to do with the properties in to one account that is not my current one. It will accumulate moneies from the properties each month and I will be putting a balance of around £2000 in to it to start with. The main usage of the account will be simply to pay in rent and put out mortgage payments. The account will always be in credit. I will also need to access the account at all times to pay in or withdraw monies. There are mant different account offered inc. current, business and savings. (I am not trading under a business name). Please advise on the best type of account and offer.

Thank you for your time

Regards

Ged

Personally I would go for a standard current account. Business accounts tend to be more complicated/expensive and, as a sole trader, it is debatable whether the account is personal or business.

I've been happy with Nationwide but you may have other preferences.

thank you for your advice

regards

ged