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New limited company
Koksmanareikals
Posts: 26 Forumite
Hi guys.
I would like to open new limited company.
I have already applied for mortgage as a self employed, it is approved and now waiting to exchange contracts and complete.
During this time I would like to open new LTD company to reserve company name.
Before I do it I would like to make sure it won't affect my purchase.
TIA
I would like to open new limited company.
I have already applied for mortgage as a self employed, it is approved and now waiting to exchange contracts and complete.
During this time I would like to open new LTD company to reserve company name.
Before I do it I would like to make sure it won't affect my purchase.
TIA
0
Comments
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It shouldn't. But if your application is picked up for audit before completion, the bank might ask about it.
Opening a limited company on companies house takes very little time. Do you really need to reserve it now, couldn't you just wait until after completion?0 -
Desparate to reserve company name tbh.simon_or said:It shouldn't. But if your application is picked up for audit before completion, the bank might ask about it.
Opening a limited company on companies house takes very little time. Do you really need to reserve it now, couldn't you just wait until after completion?0 -
The risk that it will affect your mortgage application is very low. But it is a risk.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 -
Thank you.
Can't accept any risk so it looks like I will have to open company under someone else name and after completion transfer under my name.0
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