Specialist Mortgages for Complex Income Explained
A complicated income structure does not necessarily mean you cannot get a mortgage. Many applicants earn enough to afford a property but do not receive one simple monthly salary. You might be self-employed, operate through a limited company, work on contracts, earn commission or receive income from several sources. A standard automated assessment may not […]
Can Retained Profits Help Mortgage Affordability?
For many company directors and self-employed business owners, the income shown on a personal tax return does not always reflect the full financial strength of the business. You may keep some of your company’s profit inside the business rather than withdrawing everything as salary or dividends. These retained profits can support business growth and financial […]
Can I Get a Mortgage if I’ve Recently Become Self-Employed?
Recently becoming self-employed does not automatically stop you from getting a mortgage. However, your options may be more limited because lenders have less financial history to use when assessing your income. The strength of your application will depend on how long you have traded, how your business is performing and what evidence you can provide. […]
Can Limited Company Directors Get a Mortgage Easily?
Getting a mortgage as a limited company director is entirely possible, but the application may require more preparation than it would for someone receiving a straightforward monthly salary. Directors often take income through a combination of salary and dividends. Some also leave profits within the business rather than withdrawing everything personally. As lenders assess these […]
Can Self-Employed People Get a Mortgage?
If you’re self-employed in the UK and wondering, “Can self-employed people get a mortgage?”, the answer is yes. Whether you’re a sole trader, freelancer, contractor, limited company director, or business owner, many UK lenders offer self-employed mortgages for both residential and buy-to-let properties. However, the mortgage application process for self-employed borrowers is often different from […]