Your Accounts Don’t Always Tell The Whole Story
You may be taking a modest salary and dividends even though your business is performing strongly. That can make a big difference when applying for a mortgage.
Some lenders focus mainly on the income you have actually drawn from the business. Others may be prepared to consider your share of the company’s profits, depending on your circumstances.
That means two lenders can look at the same business and reach very different affordability figures.
- LOW SALARY DOESN’T ALWAYS MEAN LOW BORROWING
If you keep your salary low for tax efficiency, some lenders may be able to look beyond salary alone. - PROFITS LEFT IN THE BUSINESS MAY MATTER
Depending on the lender and your shareholding, company profits may be considered when assessing affordability. - THE STRUCTURE OF YOUR INCOME MATTERS
Salary, dividends, profit, shareholding and trading history can all affect which lenders are most suitable.
Think your income is stronger than it looks on paper?
Free initial consultation • No obligation
So What Will I Actually Do For You?
I won’t just look at your income and run a standard affordability calculation. I’ll look at how you earn, how your business is structured and which lenders are most likely to assess your circumstances favourably.
1. I will understand your income
I’ll look at your salary, dividends, profits, accounts and the way you take money from your business.
2. I match you to the right lenders
Different lenders interpret self-employed income differently. I’ll identify the ones whose criteria fit your circumstances rather than relying on a one-size-fits-all approach.
3. I structure the application properly
I’ll make sure the application is presented clearly, with the right figures and supporting information, to give it the strongest possible chance of progressing smoothly.