Self Employed Mortgages

Posted on 31 July 2012 by Garry

I own a 50% share in my business. I am looking to move house but because I take a basic salary and dividends, the banks are not interested. Lenders only seem prepared to lend 3 times my salary and won't take dividends into consideration, which obviously support my income. I would like a 30% LTV mortgage. Is this possible? If so how can I get an offer or confirmation so I know what budget I can have to find my new house. Your advice would be much appreciated.


I am not surprised that you haven't been able to find a lender willing to lend to you as you are self employed, but I am surprised at the reason you have been given.  Usually lenders will take salary/remuneration and dividends into account when assessing income and the difficulty is in finding a lender who will use the net profit figure from your accounts instead.

Please give us a call on 0344 346 3672 and be prepared to give one of our independent mortgage consultants details of your last 3 years trading figures and income.  With the small LTV that you require I am pretty sure we will be able to find a lender to match your requirements and be able to provide you with a good idea of how much you can budget for.


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We recommend you seek professional advice with regard to any of these topics where appropriate.

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