It’s never been harder for some self-employed borrowers to get the numbers to stack up when they apply for a mortgage. Affordability is stretched and that’s particularly problematic for self-employed borrowers.
USPs
- We can look at retained profits in your clients’ business and use a share of net profit & salary when assessing affordability.
- If your client has only 2 years’ figures, we can use salary and dividend OR salary and share of profit after taxation when assessing income.
- If your client’s 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.
- If your client has less than 2 years’ accounts, we still may be able to consider lending.
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