Arranging mortgages for directors running businesses can be far more difficult to secure than mortgages for salaried individuals because actual income and ability to make repayments can be less obvious to lenders.
John Charcol is an expert in helping clients to secure director’s mortgages. We typically approach lenders who we know are willing to look beyond the tax assessment and take a broader view, using retained profit, accountant’s projections and contracts to determine your affordability.
If you are self-employed, a partner in an LLP or a sole trader, getting a mortgage can be difficult because you need to be able to prove your income.
If you are running a relatively new business without an established track record or you have tax-efficient books prepared by your accountant that show your personal earnings as minimal, or you take part of your earnings in dividends, high street lenders may not be prepared to extend a loan, even if you are confident that you can afford the repayments.
As independent mortgage experts with years of experience, we have helped many directors to secure mortgages after high street lenders have turned them down.
Our approach is to spend time understanding your situation and then to present a personal case to the mortgage providers who we know are best placed to support your specific application.
This might include approaching lenders who:
To find out how we can help with your director’s mortgage, call us on 0344 346 3672 or enquire now.
Send us your details and we will help find the mortgage that's right for you:
Most directors face this problem. At John Charcol, we know how to make the best case for your personal finance and which lenders are happy to look beyond the headline figures to understand what you can really afford.
Yes. We deal with regional building societies, private banks and other niche lenders who will look at each client on an individual basis. The range of income multiples could be as high as five times
At John Charcol we’re used to working with busy individuals who are under real time pressure. That’s why we can come to you and fit in with your schedule.
We’re expert at arranging this kind of mortgage, making the best of low rates of borrowing with capital payments when bonuses are available.
We’re fast and nimble, so if you need us to talk to an Estate Agent or make things happen fast to secure a particular property, we’ll do everything we can to make that happen.
Yes. At John Charcol our consultants are all experienced mortgage advisers. We often arrange directors’ mortgages through reputable private banks and investment houses who have much more flexibility on who they lend to and how much they will lend.