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what if i remove my directorship

Only for queries regarding Indefinite Leave to Remain (ILR). Please use the EU Settlement Scheme forum for queries about settled status under Appendix EU

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Rocher
Junior Member
Posts: 91
Joined: Sat Jan 21, 2017 9:50 pm

what if i remove my directorship

Post by Rocher » Tue Sep 10, 2019 10:09 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????

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bizman
Diamond Member
Posts: 1100
Joined: Tue May 30, 2017 8:15 pm
Location: UK
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Re: what if i remove my directorship

Post by bizman » Tue Sep 10, 2019 10:42 pm

Any arm to what? But who’s going to be the company Director while you are an employee.
Bizman

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zimba
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Posts: 20093
Joined: Mon Aug 11, 2014 5:13 pm
Location: UK
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Re: what if i remove my directorship

Post by zimba » Wed Sep 11, 2019 12:29 am

You have ILR now. Your business decisions and circumstances have no effect on your settled status. You can do as you wish
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

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