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
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
-
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
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards