Bear with me here....

[tino]

Hi,

I could be wrong here but the one factor that no one seems to have mentioned is the tax. I am under the impression that you pay more Income Tax on a second job than on the first. Perhaps one of the accountants could answer that one.

But apart from that if you pay your girl £2,500 a month surely Gordo is gonna grab at least 30 odd percent of that as tax and NI. You need to find out how much it would be because this could be a very expensive method of getting one over the mortgage approver.

Also, unless your girlfreind earns less than 17K a year your gonna push her into the high tax bracket.

I had considered that mate, as it's only for 3-4 months, it won't make a great deal of difference. She makes almost nothing at the moment so it's a needs must at least until the mortgage is set up

[Bluebird]

You could of couse put her down as employed by your co for the mort co - if they ever ask - it's you they'll speak to, so you can say yes.

Problem will be is if they ask to see 6 months bank statements...

[PAG]

Have you considered BTL. (buy to Let). Pay 25% deposite and no questions asked !!!!

[Crossroads]

I forsee that this will all end in tears...if you (or rather, she) actually manages to secure a mortgage.

If the mortgage co sees that she is Co Secretary, or that her personal address is the same as her employer (i.e. your ltd) then they are going to smell a rat.

The chances of you finding a lender that will allow your name on the needs without you being the mortgagee (given your credit history) is pretty unlikely.

So when she does feck off, you will lose every penny that has been put into the house. And if by then you have kids, then you'll lose a lot more!!!

Have you spoken to someone like ContractorMoney to see if they can offer anything?

[ASB]

If the mortgage is in her name, you can still have the deeds in your name as well, only problem is that you have to declare to the mort co and they will then adjust the LTV ratio they're prepared to lend.

A partial way round that is via a deed of gift. It's not as secure as being named on the deeds but can keep the lender of the case.