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Self employed mortgage- director to sole trader will it matter?

1 reply

Rubylu · 21/05/2024 12:11

Me and my partner are currently going through our mortgage application. He has been self employed for 3 years, however he resigned as the director of his limited company as it was a partnership about 6 months ago. Will this affect the mortgage application? He still has his self assessments for these last 3 years, he is still at the same place doing the same job, he just isn’t the director anymore. We’re just confused as to wether the fact he was a director and now isn’t will restrict us from getting the mortgage.

OP posts:
zerored · 21/05/2024 12:14

I'd check with a broker but I was recently told it didn't matter so long as there was evidence of self assessment tax returns for the past few years.

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