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Mortgage advice

  • 01-02-2021 12:37am
    #1
    Registered Users, Registered Users 2 Posts: 366 ✭✭


    Recently moved from sole trader to limited company. In the process of applying for mortgage. Will i be assessed on a self employed basis Oran employed basis as in just getting a wage from company now even tho I am owner and director


Comments

  • Moderators, Business & Finance Moderators Posts: 17,738 Mod ✭✭✭✭Henry Ford III


    It'll be on your salary I'd say.


  • Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭Trish56


    It will be on a self employed basis and you will need to submit 3 years business accounts, form 4 and 11 Revenue forms, Tax Clearance certificate, 12 months business bank accounts.


    Recently moved from sole trader to limited company. In the process of applying for mortgage. Will i be assessed on a self employed basis Oran employed basis as in just getting a wage from company now even tho I am owner and director


  • Moderators, Business & Finance Moderators Posts: 10,362 Mod ✭✭✭✭Jim2007


    Recently moved from sole trader to limited company. In the process of applying for mortgage. Will i be assessed on a self employed basis Oran employed basis as in just getting a wage from company now even tho I am owner and director


    You have not changed the nature of your business, just the legal structure, so I'd work on the assumption that they will ignore it and treat you as a self-employed.


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