Hi fellow forumites,
Straight to the point I work full time as well as running a part time business through a company structure. I have a large portfolio in my own name but was looking for future investment properties with my wife and I been through the company structure as she is a co-director. Now I know its not the preferred way of buying properties but I wanted to take advantage of our high cash flow business in an offset account. My question is our business has only been running for 6 months and I know that will be an issue to get a loan with only be open for such a short time can you use our personal income/servicability to help secure a loan under the company structure? Thanks in advance
Straight to the point I work full time as well as running a part time business through a company structure. I have a large portfolio in my own name but was looking for future investment properties with my wife and I been through the company structure as she is a co-director. Now I know its not the preferred way of buying properties but I wanted to take advantage of our high cash flow business in an offset account. My question is our business has only been running for 6 months and I know that will be an issue to get a loan with only be open for such a short time can you use our personal income/servicability to help secure a loan under the company structure? Thanks in advance