We find the most suitable mortgage solutions for company directors

We'll guide you to the most suitable deal
Mortgages available where only 1 year's accounts are required and up to 90% LTV
Most recent year's accounts can be used for income calculations
Inland Revenue SA302 acceptable
Self cert alternatives
No obligation initial advice from a self employed mortgage professional

Mortgages for company directors and business owners

If you are a limited company director and seeking a mortgage, you may have already found the process harder than it was compared with going it alone in the first place. Often the larger lenders view those that run their own business as a problem. As a specialist mortgage broker, we advise company directors and business owners on the best route to securing the mortgage they need. We have access to lenders who specialise in lending to people with non standard incomes.

These specialist lenders are able to lend to business owners who have been trading for at least 12 months and can make a decision based on your most recent year's accounts which means you don't have to have 3 years worth of accounts behind you before you can apply.

We have a solid track record in assisting company directors and business owners get a mortgage. We provide professional advice and have access to specialist lenders which are not on the high street, only available through intermediaries.

Get a mortgage via the specialist route

Business owners can have good and bad years, with profits and income fluctuating from year to year. The economic slow down of the past few years which followed the banking crisis has resulted in many businesses having less profitable years compared with how they were performing before the financial turmoil. There are many reasons why business owners often have erratic incomes, for instance they may choose to invest funds into the business during the early years in the hope of maximising their returns in laters ones. Accountants will utilise various legal methods for minimising tax (in accordance with Generally Accepted Accounting Practice) which inevitably leads to lower declared profits and income for the owners which in turn can negatively impact on the chances of getting accepted for a mortgage with one of the larger lenders.

A company directors income status is often complex and not straightforward which means they often fall foul of the automated and overly simplistic decision making processes used by most of the larger lenders. Those who don't fit their ideal borrower profile are cast aside. While the smaller specialist lenders and building societies offer a more hands on approach compared with their larger counterparts. They have the expertise and take the time to ascertain the true income of a company director or business owner. This is done by reviewing all the applicant's financial information at the outset which leads to a truer reflection of affordability and a speedier and more efficient process from start to finish.

Determining how much you can borrow

If you're a director of a limited company then your total income may be made up of a combination of basic salary and dividend payments. Lenders will usually consider both these and apportion accordingly depending on your share of the business.

As a company director you need to prove that the amount you want to borrow is affordable and arriving at a figure to show affordability can be complex. Lenders who specialise in non standard cases have experienced underwriters who judge each application on its own merit and these lenders are your best first port of call as a company director or business owner. It's also important to spend as much time initially gathering together as much evidence as possible to support your mortgage application as this will reduce delays and heartache later on.

The key is getting the right advice and approaching lenders who are more likely to welcome you as a potential borrower. We have a proven track record of securing mortgages for company directors and business owners.

Contact us today for free initial advice.

A nation of entrepreneurs

In the UK we have always admired entrepreneurship. The phrase 'a nation of shopkeepers' was made famous by Napoleon who was himself quoting the economist Adam Smith to describe the British preoccupation with self-employed. Before the Industrial Revolution, running your own business was at the heart of the British way of life and now, as the country's industrial power has declined, more and more of us are once again looking to take control of our destinies by working for ourselves.