Mortgage

[honeydip]

I am not employed as such I have a limited company. I have 9 months left on my contract. I want to get a mortgage for 190k euros. I could secure it against a home which I own out right that is worth 130k. Will this be possible?

I know if I had a permanent staff job they would give it to me but they might think because I am a contractor that I might be a risk.

I want to sell the house I earn now quickly and put all of the cash into the house I want to buy... BUT the house I want to buy has to be bought quickly...

Any one got any experience of this at all?

[buildersmate]

It would indeed be unusual if you were NOT employed in that scenario - you ARE presumably employed as a director of your company? - paying yourself a salary and/or dividends?

Much is going to depend on the length of time you've been running this LtdCo, its track-record of winning contracts and its profitability (for its employee(s)). You are going to have to seek out a mortgage broker to advise you on mortgage sources for the owners of small businesses.

[honeydip]

buildersmate yes I am the director of the company. I have only been lmt company for 8 months. Before that I was employed by a company

[boxtops]

I don't know what the rules are in your country of residence, honeydip - we can only give you advice about how it works in the UK.

[DJHawkes]

so you have 9 months definate employment? what can you show for after that to give a sense of stable income?

[hc4361]

Confused. Thought you were disposing of all your assets so you could claim benefits on your return to the UK