More mortgage options for your self-employed clients
We’re aware of the challenges your self-employed clients face when it comes to finding a mortgage.
They may have only been trading for a short time, have non-standard or complex income, which mainstream lenders typically can’t or won’t consider.
But we don’t let this put us off, in fact, it’s a challenge we’re happy to take on.
How we can help the self-employed
With 1 year’s accounts
With 1 year’s accounts
• Lending up to 90% LTV
For affordability we’ll use salary and dividends
• Capital raising is available for business purposes up to 85% LTV*
With 2 year’s accounts
• Lending up to 95% LTV
• When assessing income we can consider the highest combination of salary and dividends OR salary and share of profit after taxation
• If income has increased in the past year, we may be able to use these figures when assessing affordability, as long as their accountant can confirm that the income is sustainable
• Capital raising is available for business purposes up to 85% LTV*
*Subject to this not supporting an ailing business.