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Will having a Ltd company on the side of my salaried job affect my mortgage?
gerardflanagan
Posts: 182 Forumite
Will it affect my mortgage application?
0
Comments
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No. Limited Company is a separate legal entity. Unless you have given personal guarantees etc, it will not affect you as an individual.
Having said that, people normally set up Companies to make money not to spend it!0 -
In a quick reply - not at all. I do exactly the same thing and have been told by broker and bank direct that it makes no difference.0
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I suggest that you pay yourself a small salary from your company, this will reflect as increased earnings, it does not have to be much.0
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