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Director (Self-Employed) Mortgage Using Two Different Company Accounts

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Comments

  • wellbored
    wellbored Posts: 16 Forumite
    That makes perfect sense, thanks!
  • Wh05apk
    Wh05apk Posts: 2,938 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Dave_Ham wrote: »
    Poor broker, would be amazed if this cannot be arranged.

    OP forgot to mention 95% ltv, bankruptcy and 6x earnings!

    Seriously though, what are the figures, you say your partner is employed, could it be done just based on their income?
    I am a mortgage adviser.
    You 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.
  • wellbored
    wellbored Posts: 16 Forumite
    Wh05apk wrote: »
    OP forgot to mention 95% ltv, bankruptcy and 6x earnings!

    Seriously though, what are the figures, you say your partner is employed, could it be done just based on their income?

    Fair point, I didn't post figures as I was more interested as to whether the separate accounts could be used in theory.

    We both have good credit ratings, no credit card debts or loans (apart from student). Joint income is circa £60-65k and we are looking at an LTV of 90% on a £240k property (so a little out of reach of doing solely on my partners income).
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    Wh05apk wrote: »
    OP forgot to mention 95% ltv, bankruptcy and 6x earnings!

    Seriously though, what are the figures, you say your partner is employed, could it be done just based on their income?


    Fair point, I took the view that any other issues would have been laid out alongside this barrier..
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • Simon_gloster
    Simon_gloster Posts: 948 Forumite
    Wh05apk wrote: »
    OP forgot to mention 95% ltv, bankruptcy and 6x earnings!

    Seriously though, what are the figures, you say your partner is employed, could it be done just based on their income?

    Bang goes Halifax then. Bankrupt is an auto decline these days even if 20 years ago.
  • holly_hobby
    holly_hobby Posts: 5,363 Forumite
    1,000 Posts Combo Breaker
    Hi Si,

    Think Wh05's post was tongue in cheek.

    OP appears clean, see post 14.

    H x
  • wellbored
    wellbored Posts: 16 Forumite
    holly_hobby wrote: »
    Hi Si,

    Think Wh05's post was tongue in cheek.

    OP appears clean, see post 14.

    H x

    Yes definitely no issues here :-)
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