Mortgages for Partners of an LLP
How are LLP mortgages assessed by lenders?
What length of trading time is sufficient for obtaining an LLP mortgage?
What income is declared for a LLP mortgage?
What is the situation if you have bad credit and wish to obtain an LLP mortgage?
Major Credit Reference Agencies (CRAs)
If your current credit score prohibits you from obtaining a mainstream card to use in this fashion, you may want to think about opting for an adverse credit card. Some of these offer guaranteed acceptance and, whilst the associated interest rates may be higher, if you pay within the requisite time scales, this shouldn't be relevant and using the card in this manner will achieve the same effect of demonstrating responsible borrowing.
Over time, you should begin to see some improvement to your credit score, assuming that all other factors remain the same.
Can LLP borrowers obtain mortgages for buy to let properties?
What else can influence my eligibility to obtain an LLP mortgage?
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