Hi
I just need some reassurance really please
I set up a ltd company doing book-keeping around current employment (with current employers consent). Basically just doing invoicing on behalf of sub-contractors.
The company is registered to our home address and was set up in June.
Since then the company has lay dormant and we hope to get things moving later this month. To complicate things we are due to move house in November.
I am now worried that the fact we have a business registered to our home address could affect our mortgage offer. The address is purely for correspondence andI will maybe spend one or two hours a week doing a bit of typing from there. The company is really a hobby and does not constitute my main employment in any way.
We are about to open a business account with lloyds tsb so that any monies earnt can be kept seperate from our personal account. We dont intend to do any borrowing for the account (ie overdrafts/loans) so from that perspective it shouldn't cause a problem on credit checks.
Should I be concerned and do I really need to advise our lender. My understanding is that if the address is used for correspondence only, other staff do not work from there and that there are no stock/storage for the business on premises that they probably wont be interested.
We are having an absolute nightmare with the move generally and dont want anything else to jeopardise it.
Any advice much appreciated
Kirsty
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