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I will be working in my business full time, but I most likely will have a part time job as well. However it can only be a part time job of perhaps 25 hours a week, at least for the next year. The NEIS contract stipulates I am only allowed to work a certain amount, as the whole idea is that I'm...

Ok so I've had another idea. Since I most likely won't qualify for a loan (will speak to a MB about this at some stage to make sure) I have been having a think of other methods to employ leverage. Would I be able to buy something using the inheritance, then get a line of credit out secured...

This is what I expected unfortunately. Oh well I guess I'll just have shop around for something up to 260K, or else put it in something low risk like fixed interest until I can qualify for a loan. Thank you very much for your reply. Saves me the effort of going into a bank and having them...

Also like to stress those income levels are only projections, I could make a lot more, or even a lot less. So that's why I'm a bit doubtful of the banks lending to an unproven small business with no track record yet.

Hello somersoft I have a question for the mortgage brokers out there. I understand you can't give personal advice over the internet, but I just wanted to check this is a possibility before I go to a MB / bank and get laughed at. I am wondering if the banks will lend me any money. I am a man in...