Too many shares!

John198

Hi, I am currently looking at going for a shared ownership property for around £90K for 50% share.

I have ok deposit of 20K and earn 30K a year.

Downside is I am a company director and own just over 25% of the company, so will be treated as self employed rather than employed.

As employed with pay cheques I think it would be easy to get the 70K mortgage required. However as self-employed I don't think our company accounts would be good enough + I was on less than 30K last tax year.

My partner is a mum / self employed and earns far less so will have no chance getting a mortgage.

I am looking at ways in which I can transfer a few % of shares to either a business partner or family in order to get below the 25%.

Has anyone else been in a situation like this before?

Thanks