Thinking of moving but problem

[BrilloPad]

Speak to one of the contractor mortgage specialists.

The application might be on previous company accounts so it doesn't matter that the company is being wound up.

I applied for mortgage 3 months ago.

I was contract 1988-2009. Then permie 2009-2015. Each time you switch permie to contract or back it resets the clock on your employment..

They still made me a good offer - but I needed a slightly bigger deposit.

So definitely speak to one of the contractor mortgage specialists.

[vetran]

Directors loan?

[northernladuk]

Directors loan?

Many providers won't accept loans as deposit or for income calcs plus the cost and risks of doing one so not generally a good idea.

[BrilloPad]

Why not pay a dividend?

[badger7579]

Why not pay a dividend?

Because it will push me into the upper tax bracket. At least if I close down I can apply for entrepreneurs relief.

[AtW]

Because it will push me into the upper tax bracket. At least if I close down I can apply for entrepreneurs relief.

What kind of entrepreneur you are if you are closing down the company???

Entrepreneurs sell companies or go bust trying.

[badger7579]

What kind of entrepreneur you are if you are closing down the company???

Entrepreneurs sell companies or go bust trying.

Thanks for the insight there...

[Scruff]

If you want to live in a (bigger) house, what's the problem with becoming a high rate taxpayer? Better this year than next...

[badger7579]

If you want to live in a (bigger) house, what's the problem with becoming a high rate taxpayer? Better this year than next...

what's the problem with becoming a high rate taxpayer? Nothing at all, I long to be worse off....

[BlueSharp]

Another couple of options, i'm doing a variant of A (longer mortgage term with over payments) as there was little difference in costs unless I stop overpaying.

a) Take the bigger mortgage, max out the over payment's for each year if possible.
b) Choose an offset mortgage, where you withdraw from the company as you would in A but the savings is offset against the mortgage.