novice_dub
Registered User
- Messages
- 2
Good evening All,
I’m hoping someone more knowledgeable than myself might be able to share any thoughts they may have on the following,
Some background info:
I’m in the process of setting up a limited company with two others - we will all own equal shares.
I will be employed by this company - 60k pa, the others will not.
I was attempting to purchase a house pre-covid.
And have been made redundant recently.
My goal is to get back to buying a house as soon as possible. Rent in Dublin is eye watering!
The majority of information online regarding self employed mortgages seems to be geared towards sole traders/ limited co with one owner.
In my situation is it the same - 2/3 years accounts plus tax docs?
In this scenario,
In year 2 & 3 (all going well!) my salary would increase. Would they take the average over the three years or would the look at six months payslips?
I’m also interested to know how company cash/ assets are viewed, if at all?
I will be having a meeting with our accountant at some stage about this.
I’m just trying to get my head around it and make sure I’m covered for the mortgage value I need from the start.
I’m hoping someone more knowledgeable than myself might be able to share any thoughts they may have on the following,
Some background info:
I’m in the process of setting up a limited company with two others - we will all own equal shares.
I will be employed by this company - 60k pa, the others will not.
I was attempting to purchase a house pre-covid.
And have been made redundant recently.
My goal is to get back to buying a house as soon as possible. Rent in Dublin is eye watering!
The majority of information online regarding self employed mortgages seems to be geared towards sole traders/ limited co with one owner.
In my situation is it the same - 2/3 years accounts plus tax docs?
In this scenario,
In year 2 & 3 (all going well!) my salary would increase. Would they take the average over the three years or would the look at six months payslips?
I’m also interested to know how company cash/ assets are viewed, if at all?
I will be having a meeting with our accountant at some stage about this.
I’m just trying to get my head around it and make sure I’m covered for the mortgage value I need from the start.