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Extra income in mortgage application
Exodus17
Posts: 2 Newbie
Hello,
I would like to purchase a property in 2017 and will be a first time buyer. I am self employed and run a small business. I also have a company in a foreign country. I use profits from the foreign company to boost my income in the U.K. I would like to know if profits from the foreign country can be used in the application for a mortgage in the U.K.
I would like to purchase a property in 2017 and will be a first time buyer. I am self employed and run a small business. I also have a company in a foreign country. I use profits from the foreign company to boost my income in the U.K. I would like to know if profits from the foreign country can be used in the application for a mortgage in the U.K.
0
Comments
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Very tricky, and possible only if income is in one of a limited range of currencies.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 -
Profit would be in Sterling being transferred from company account in the other country.0
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