I currently run my own LTD company(computer related). I have £300k in the business account, £50k corp tax due to come out anytime soon. £200k estimated profit in the next financial year. I have £45k in personal savings(tax paid) and I live in my sisters rented house. I'm paid by salary and dividend from my business which totals around £35k per year. Anything else I want from the business account is taken as extra dividends and is liable for income tax.

My mum and Dad are soon both quitting their jobs(in their 50s) and they've often talked about going into property development, I too would like to do the same, but obviously keep my current business as my main source of income.

I am very inexperienced when it comes to starting a business, being only 25, my current business, although successful is hardly what you would call a professional operation. I'm slighlty unsure about the best way to move into properly development, should I create a new LTD company? and how should I fund it?

I have a fair amount of personal savings, and a large amount of cash in the business account but I'm unsure of how best to use the cash and go about purchasing a first property for development? Do I need to look at a loan or should I use the money I already have? Can anyone look at the information provided above and give advice based upon what they would do with the same figures?

many thanks