what if i remove my directorship
Posted: Tue Sep 10, 2019 11:09 pm
Dear members i recently received my ILR through Tier 1 Entrepreneur 5 years. now am planning to buy a house through mortgage but my company is not making profit i take wage as a admin and my wife is working as well so we can get a mortgage by combining our income.
Problem is... i have been told that as am registered as director and my company is not making profit so its not possible to get a mortgage as long as am a director. i have been advised to remove myself as a director for few months and keep myself as a employee and take wage as normal once mortgage is approved then add yourself again as a director.
would it cause any harm????
Problem is... i have been told that as am registered as director and my company is not making profit so its not possible to get a mortgage as long as am a director. i have been advised to remove myself as a director for few months and keep myself as a employee and take wage as normal once mortgage is approved then add yourself again as a director.
would it cause any harm????