[brynley]

I am 66 next year and will retire  in April, can't wait, I have already found someone to take over my round

[Smudger]

How did changing from sole trader to limited hamper you?


My own personal view is if your out on the tool at 70+ it's not for the 'fun'  of it

Darran

[֍Winp®oClean֍]

How did changing from sole trader to limited hamper you?


My own personal view is if your out on the tool at 70+ it's not for the 'fun'  of it

Darran

I agree, not sure who's trying to convince who on this thread!!😀

[dazmond]

I'll still work part time when I'm older if I'm fit enough even with a £250,000 nest egg built up.....👍

[Stoots]

How did changing from sole trader to limited hamper you?


My own personal view is if your out on the tool at 70+ it's not for the 'fun'  of it

Darran

Because lenders typically need to see at least 2 years, and ideally 3 years of books when lending.

Although ive been self employed 5/6 years, i essentially had to "start again" when i went Ltd, in lenders eyes i only have 2 years books not 5/6.  Plus i didnt take much income the first year i kept it in the company......they also need to not only check my personal income, but to check the companys income to see its performance. On top of that lots of lenders look less favourably on dividend income, so it meant that we could only find 1 lender who was willing to give us the mortgage.

[Smudger]

Going through this myself just now but changing from self to limited shouldn't make a difference

If you need an advisor I can pass a name on they specialize in us "difficault" applications

Darran

[Pureandclean]

old window cleaners never die, they just come round less often!