mortgage underwriting

Sorry if this question has been covered recently but I run a SL company here in Spain and like many others no doubt am running at a loss. I draw money from the business to live on and my accountant provides me with a nomina each month. When it comes to assessing my income for mortgage purposes does anyone know how the bank underwriters would view salary payments being made from a loss making company and how deep they would assess the current and future viability of the company.

Hi,

considering that the company is at a loss and that you're actually the company, the bank has usually looked for grantors with income or additional assets as guarantee. With the present situation, you should try with several banks and check what they tell you, but things are difficult.

One option would be to rely on some individuals or companies who have the money but they would lend it at a higher rate (usurers!), but this is very risky. Another option would be to associate yourself with some other professionals and get a capitalist shareholder.