New business-partner mortgage

saggyboobs

Hi
Until a few weeks ago I was a regular employee, but I have recently been made a partner in the family business. The business has accounts for 20 years, but I don't. Are there any mortgage providers who will lend to me?
Unfortunately, I checked with London & Country before quitting my job, and it now appears that they have given me bad advice, otherwise I wouldn't have quit till I had moved house
Thanks

saggyboobs

anyone?



.

kingstreet

Can only suggest finding and appointing a broker.

ACG

This will be very tricky.
I think you really do need a broker - I think this will come down to deposit. I cant see you getting far with a 5-10% deposit but maybe at 20-25% there are probably lenders who would take a look at it. I cant think of any off the top of my head but somtimes some of the more quirky lenders will consider it.

Let_Us_See

A little lateral thinking is required and this shouldn't be a problem.

saggyboobs

Thanks for the messages. I tried a couple of brokers, none of whom thought my income was mortgageable. We could perhaps have used only my husband's income for the mortgage, but this will leave us a bit short of what we want. Unless anyone can suggest a broker who can do this, I'm going to wait at least until next year.

Thanks again

GMS

What percentage shareholding do you have in the business?