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Mortgage as a limited company director
Natsplus
Posts: 47 Forumite
I am planning to get a joint mortgage with my oh, where I earn 30% and he earns 75% of our total earnings. I would like to know, would the mortgage company looks at my personal accounts or the accounts of my limited company (bank statements) for making the decision in mortgage offer?
My concern is, we were revamping and making some major changes in the last few months and the transactions were limited in the last few months. This wasn't due to covid and we haven't been impacted but it was planned already.
How will this lack of business in the past few months affect my mortgage application?
My concern is, we were revamping and making some major changes in the last few months and the transactions were limited in the last few months. This wasn't due to covid and we haven't been impacted but it was planned already.
How will this lack of business in the past few months affect my mortgage application?
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Comments
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I'm applying for a mortgage now. Usually they will look at 1 or 2 yrs worth of accounts depending on the bank. They didn't used to look at a current year until Covid came along. I have 2 years of good accounts but haven't worked for 6 months so that would look bad. I'm currently looking for the banks and Building Societies that aren't looking to deeply. at this year - there are some about. I've found a broker now that knows what the market is doing now. and is suggesting where to try. So I think a broker would be a good bet for this.0
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