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TSB for Ltd Co Director

MC282
MC282 Posts: 10 Forumite
Fourth Anniversary First Post
in Mortgages & endowments
Hi All

Just wondering if anyone has any experience with TSB mortgages as a Ltd Company director.

How was the application process and what did they require? 

Thanks 

Comments

  • K_S
    K_S Posts: 6,908 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 19 May 2022 at 4:59PM
    @mc282 TSB require an accountant's reference for ltd.co.Director income

    More details here https://intermediary.tsb.co.uk/criteria/residential-criteria/self-employed-applicants/ and here https://intermediary.tsb.co.uk/self-employed-hub/

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, 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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • Sandtree
    Sandtree Posts: 10,628 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    Presumably you are the majority shareholder as well as a director? A contractor maybe or something else?

    Just being a director in itself doesn't trigger anything... my current client is a LTD and none of the executive directors have any shareholding and so would be treated like an employee as all income is via PAYE
  • MC282
    MC282 Posts: 10 Forumite
    Fourth Anniversary First Post
    Sandtree said:
    Presumably you are the majority shareholder as well as a director? A contractor maybe or something else?

    Just being a director in itself doesn't trigger anything... my current client is a LTD and none of the executive directors have any shareholding and so would be treated like an employee as all income is via PAYE
    I am the sole director yes with 100% shareholding. 
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