If you’re a limited company business owner, when you’re looking for a mortgage, you’re going to find that the majority of lenders want to use your salary and dividends.
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My name’s Gary Das, and I’m the owner of Active Mortgage, and our specialty is making it easy for business owners and entrepreneurs to buy and invest in property, without being distracted from their business.
If you’re a limited company business owner, when you’re looking for a mortgage, you’re going to find that the majority of lenders want to use your salary and dividends.
Now, if you’re a growing business, and you have retained profits, the majority of lenders will not utilise those profits as a means to calculate the mortgage amount that you can borrow.
Now, I know from personal experience, because I had this exact same scenario, which is what made me niche my business. There are a select number of lenders that could consider your net profit and your salary.
Rather than becoming a higher rated taxpayer, you can utilize the profits within your business, providing that you can meet mortgage affordability. So, if you’re looking for a mortgage, and you have retained profit, and are finding it difficult to borrow the amounts you need, then please do get in contact.
My name’s Gary Das, the company is Active Mortgage, and we’ll speak to you soon.
