We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage chances when ltd co got BBL
Natsplus
Posts: 47 Forumite
My husband is in full time employment and his income will cover 80% to 85% of the joint mortgage calculation, however, I am a sole director of my limited company and got BBL in June, my income will be counted 15 to 20% towards the overall borrowing amount. We're not first time buyers and husband is in a secure job.
I have read some threads here that companies who borrowed under BBL are being refused mortgages. My question is, what would be our chances?
Thanks
I have read some threads here that companies who borrowed under BBL are being refused mortgages. My question is, what would be our chances?
Thanks
0
Comments
-
If you have a good alternate source of income and you aren't maxing out your borrowing it will be better than if you are both self employed trying to borrow the maximum possible based on your tax assessments. Be prepared to answer questions and to be able to show a good level of income on your latest 3 months bank statements0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards