Scooby Soon!

Its come to the time that I need to get a mortgage I have my own Limited company with myself being the sole director. I take a basic wage as well as a yearly dividend. I can borrow enough using just my wage figure (without the dividend) so can I go for a normal mortgage instead of a self cert?

or will the mortgage bank class me as self employed?

KiwiGTI

No you are an employee. not self-employed.

Power Junkie

iTrader: (1)

if you can go with employed, It is much easier to do, I had lots of problems trying with self employed, but when I changed it to employed (1 main contract) it was very easy.

WHEELSHOP0_0

How long have you been trading as a Ltd. Co. ?If its less than three years or have no up to date I.R. returns you might struggle unless you are only borrowing a very small percentage.
HTH.

Scooby Soon!

Ltd company is about 4.5 years, I can pay myself any amount (with in reason) on a wage but I don't for tax reasons, I only really take what I need which isn't much. I will have around 20% deposit for the house but wanted to start paying myself a proper wage now so that I can generate the necessary paperwork that I will need to produce.

how far back will the mortgage companies normally want? 3 mths/6mths or more?

fitzscoob

You are employed by the company, thats the way it works for me.

I also get paid in dividends, the banks sent off a form to my accountants to fill in.

No problems.