I have recently started working for a startup company, I am getting paid a regular salary from the company and I am hoping to get issued with share options etc as the company grows. I would like to know if there will be any issue with getting finance to purchase an investment property as I am working for a startup? I am not sure if they pull financials of the company or look into it etc. We will have a website shortly and taking our offering to market etc. I will be acquiring the property in a trust structure with corporate trustee etc most likely. Thanks.
Hi Simon
Firstly welcome to the forum and I hope you enjoy your time with us.
As long as you are a PAYG employer and not a Director then there should not be any real issue.
If you are on a probationary period then this may cause issues with some lenders but all depends on whether what you do was aligned to your previous occupation.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
They will do a search on the companies ABN but they won't delve into its financials if you're a PAYG employee.
Like Richard said – if there's a probabation period and LMI involved then you'll just need to be a little careful in who this deal is placed with.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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