Mortgage Advice for Business Owners
After almost 6 months of looking for a house we’re slowly but surely getting somewhere. At first we were finding it difficult to get any sort of sizeable mortgage because the business had been going for just less than 2 years and obviously the income on paper isn’t going to be exponential.
 However after a bit of scouting we came across Ulster Bank which is a member of the Royal Bank of Scotland group. We discovered that this bank will give you a mortgage based on a certified copy of a cashflow projection. The accounts must be verified by a chartered accountant however but this flexibility can be invaluable to those who have just started a business and need to get a mortgage before the house prices explode any further.
Failing this co-ownership is another means to get your foot on the ladder but it turns out much more expensive in the long run and I would advise anyone to get an outright mortgage if at all possible.
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