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SOLE TRADER PAYING WIFE - Can this be used as 2nd income on a mortgage application?

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  • SOLE TRADER PAYING WIFE - Can this be used as 2nd income on a mortgage application?

    PLEASE HELP! We are hoping to get a mortgage but the banks are not yet offering us enough to get the house we really want and definitely CAN afford - we pay more than the mortgage offers in rent.
    My wife is a part time teacher and I am a full time teacher and also a sole trader of my own small business selling educational supplies.
    Am I allowed to pay my wife a small wage/salary from my business for the admin jobs that she does; increasing her income so that the bank will offer us a higher mortgage?
    Any help greatly appreciated! Thank you
    Last edited by LOREN888; 28-07-2018, 03:22 PM. Reason: mortgage
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