Explain the business
Set out your ownership, role and how you receive income.
Jack Cousins · Company director mortgages
Salary is only part of your story.
A mortgage conversation for company directors paid through salary, dividends or a combination of sources. Discuss the business behind the figures.
07456 935677 · jack@lockhartmurphy.com
Mortgage and protection advice is provided through Mortgage Force (UK) Ltd. Scope, eligibility and any fees are discussed before proceeding.
Your home or property may be repossessed if you do not keep up repayments on your mortgage or other loans secured upon it.
A useful starting pointPut the right details
Put the right details
on the table.
Begin with an outline. Jack will explain what needs a closer look and which documents would be useful next.
Connect the records
Review salary, dividends, filed accounts and tax evidence together.
Discuss retained profits
Lenders take different approaches, and money retained in a business is not automatically accepted as personal income.
Your next stepTell me where
Tell me where
you’re starting.
A short outline is enough for the first conversation. Please leave out passports, account numbers and sensitive documents.
Useful things to have in mind
- Shareholding and company structure
- Final accounts
- Salary and dividend evidence
- Current trading and business liabilities
Jack Cousins
Head of Mortgages
Lockhart Murphy
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Can retained profit be considered?
Some lenders may consider it in particular circumstances. Ownership, access, business performance and the lender’s method all matter.
There is no promise of a mortgage, rate or timescale. Each case depends on the lender’s assessment and the complete circumstances.
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