PM: Joey Deacon / Ingi (or anyone who knows re mortgages)
Wonder if you might be able to help with a query regarding lending to company directors?
I believe that generally speaking mortgage lenders will cap lending at 4.5 times income (just salary & dividends for me), however I also understand that some (non-high street) lenders will take a company's retained profits etc into account where the applicant is a sole or significant shareholder in that company?
Is there a simple calculation (like the 4.5 times income one) for calculating lending based on company accounts or would it need to be looked at on a case by case basis?
Cheers
Posted By: WestYorksCanary on August 8th 2020 at 10:35:31
Message Thread
- PM: Joey Deacon / Ingi (or anyone who knows re mortgages) (General Chat) - WestYorksCanary, Aug 8, 10:35:31
- Try a contractor specialist broker (General Chat) - Jester, Aug 8, 11:49:39
- This is where a good independent broker helps! (General Chat) - JoeyDeacon, Aug 8, 10:42:37
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