Can anyone confirm if properties held within a limited company show on a credit report?
If a 100% shareholder of the ltd company applied for a personal mortgage for their only home, I expect that the properties held within the ltd company would need to be declared and would be assessed in the same way as if they were owned personally, IE checked if self financing under a stressed rate?
I would advise the individual to spend the £35/£40 needed to get their full credit report from the main agencies and check for themselves. I would also advise them not to overstretch themselves in the current market or at least have something in reserve in case the EPC or other changes land.
They haven’t actually purchased within a ltd company yet, they are considering the impact before committing.
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