When are you going fully electric?

Tempted to get a Tesla via business lease. We are in the middle of applying for a mortgage and moving home so had the idea to sell our current car to free up cash towards the move. What I can’t get confirmation of is if we take out a HP via the business (limited company, over 3 years old), does it affect our personal credit? Is it all sandboxed to the business?

If we took out a new credit that appeared on our personal files now then it would cause pain for the mortgage.
Presumably if your main source of income is the business which you are the owner/shareholder of, the mortgage company will want to look at the profitability of said business.

Taking a HP will reduce the profitability and the amount you can withdraw from it as income.

Of course accounts for the current year will be available yet so they may not see it until it’s too late.

Speak to your accountant about the tax benefits between company and personal.
 
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