Owning your own home

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Sam_w
Cross post from the mortgage thread...

Old bump...

Any mortgage people about?

Before going to get official advice I wouldn't mind some unofficial internet style advice on mortgages...

Up until November 2014 I was paid simply by PAYE, I then got given a stake in my business meaning I moved to partial PAYE and some dividend (PAYE 50%), then in July I got given a bigger stake in the business, and we change payments again, so I am now about 10% PAYE and 90% dividend. We are looking to move in the new year

So my two questions are;
1. Is this little bit messy situation going to mean I can't get another mortgage easily?
2. With dividends going forward I have a choice of taking them regularly, with an occasional top-up when there is extra profit about or to just take much larger chunks every 5 months of so, will it matter for mortgages which one I do? To me it feels like a regular income is a good thing to show...

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chrisbmx116 in reply to @Sam_w

I cant offer any solid advice but a friend of a friend of a friend was in a slightly similar situation and I believe he told a friend who passed the message on to me that he may of just lied through his bloody teeth that he was still on the same salary and still PAYE and got a new mortgage. Thats what my mate told me anyway.

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Sam_w in reply to @chrisbmx116

Ha!

I like your thinking, annoyingly my current mortgage is with my bank, so they may wander why they have been all over the place, but I was tempted to just pay a standard dividend every month and see if they thought it was PAYE...

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