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Confused about our situation - anyone?
Comments
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Cheers, thanks very much.0
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By your call - I mean you now need to decide what you want to do.
Go with Halifax direct (who do not need to know their own underwriting position)
Go with the brokers you have (who do not seem to know of lenders other than Halifax)
Or find another broker.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.0 -
Jaguar_Skills wrote: »So the background to this is that my girlfriend is a self-employed director of her own limited company. She began trading in January of last year but only traded for six months before we went travelling for 8 months. She only therefore has effectively six months’ worth of accounts although one year’s trading.
Does the Company actually trade? Or is the Company's income derived from your g/f contracting out her services?0 -
She contracts out her services so has own Ltd company for tax purposes.0
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In which case it may be advisable to have her treated as a contractor and her income will then be the gross value of her contract. Normally, day rate x 5 x 46.
A broker will help to approach the correct lenders for these circumstances as there are only a handful who accept this.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Six months on contract then an eight month gap KS.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.0 -
Hm. TrueSix months on contract then an eight month gap KS.
Same line of work for two years and/or six months or more remaining on current contract?I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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