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Mortgage advice

Decayor · 2021-05-26 12:33:12

Hi all I've got a question I can't find a clear answer on I recently started my own business 11th May this year I am aware I'll need 2years of accounts before any lender would look at giving me a mortgage What I am wondering is Do I pay myself a better share than the business itself? Say I make €1000 a week, what drawings…

26-05-2021 12:33pm

#1

Decayor

Registered Users, Registered Users 2 Posts: 22 ✭

Join Date: November 2007

Posts: 15

Hi all

I've got a question I can't find a clear answer on
I recently started my own business
11th May this year

I am aware I'll need 2years of accounts before any lender would look at giving me a mortgage

What I am wondering is
Do I pay myself a better share than the business itself?
Say I make €1000 a week, what drawings should I be taking out for myself, and how much should stay in the business?

Or do lenders look at the business and your personal account combined?

Any help or advice would be appreciated as I want to have this right

Thanks

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