If they borrow from the business to pay off the mortgage what does that mean?Looking at it its a loan as its listed as a company asset not as a creditor...... so a £200k loan from the comapny. It could be a transferrable debt from another company they own? Or more than likely to pay off part of mortgage as I imagine its pretty high!
The house becomes a business asset (and in the short term the bank don't take it) but then if they don't pay back the business? Bankruptcy and they lose the house ?