Hi All
My husband and I have held a mortgage with Nationwide for 5 years and are looking at moving up the ladder this year. I co-own a web design business which will have been running 2 years in May and take a part-time salary from this each month. In addition, I also work part time to supplement the business in its early years and also this decision was made with mortgages in mind. As it's quite a bespoke scenario I wonder how I would be treated when it comes to a mortgage, I know it's usually 2 years' accounts etc. as have done a lot of reading but as I'm only part time in the business and take a part time salary there and a part time salary elsewhere (permanent job held for 1.5 years) wonder if I will be treated more fairly than if I was full time in my business with no other income? Own 50% shares and we have show YOY steady growth from year 1 to 2, but I do only take a modest salary but it is steady and tracked through PAYE.
Looking forward to some advice, thanks
My husband and I have held a mortgage with Nationwide for 5 years and are looking at moving up the ladder this year. I co-own a web design business which will have been running 2 years in May and take a part-time salary from this each month. In addition, I also work part time to supplement the business in its early years and also this decision was made with mortgages in mind. As it's quite a bespoke scenario I wonder how I would be treated when it comes to a mortgage, I know it's usually 2 years' accounts etc. as have done a lot of reading but as I'm only part time in the business and take a part time salary there and a part time salary elsewhere (permanent job held for 1.5 years) wonder if I will be treated more fairly than if I was full time in my business with no other income? Own 50% shares and we have show YOY steady growth from year 1 to 2, but I do only take a modest salary but it is steady and tracked through PAYE.
Looking forward to some advice, thanks