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new ltd company and first time buyer
Kimberley82
Posts: 1,717 Forumite
My husband has a ltd company as a hgv driver. When we go for a mortgage (not a btl we have changed our minds) will they want his pay checks or accounts?
Shut up woman get on my horse!!!
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anyone know?Shut up woman get on my horse!!!0
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As a ltd company they will want his accounts and look at things like salary, divivdends and retained net profit.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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If you still have that £100k to use as a deposit, then as long as you are not looking at more than say 50-60% loan-to-value I am sure you will be able to find a funder that will accept the new ltd co (even if you have to provide a personal guarantee as well). This is not mainstream lending so you need to speak to a specialist broker.0
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Brock_and_Roll wrote: »If you still have that £100k to use as a deposit, then as long as you are not looking at more than say 50-60% loan-to-value I am sure you will be able to find a funder that will accept the new ltd co (even if you have to provide a personal guarantee as well). This is not mainstream lending so you need to speak to a specialist broker.
Yes we still have that money. I would want to borrow about £30000Shut up woman get on my horse!!!0
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