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Mortgage advice

  • 31-01-2021 11:37pm
    #1
    cruiser202006
    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

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,859 Mod ✭✭✭✭Henry Ford III


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


  • #3
    Trish56
    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.


    cruiser202006 wrote: »
    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


  • #4
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,611 Mod ✭✭✭✭Jim2007


    cruiser202006 wrote: »
    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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