Explain what drawings represent
We establish whether you are employed, a fixed-share partner or an equity partner and how income is allocated and paid. Regular drawings may be advances against profits rather than the final annual figure. Partnership accounts, tax records and a firm or accountant explanation help reconcile the position. A partnership capital loan is a commitment that also needs to be included.
When joining or moving partnership
Admission documents, the start date and the agreed remuneration structure matter when there is limited history in the new role. The assessment distinguishes confirmed arrangements from forecasts or an anticipated promotion.
How I approach the case
We begin with what you want to achieve, your timescale and any part of the case that needs explaining. I review the evidence and suitable lender routes, then explain the available options and their costs. A recommendation follows the individual assessment; an initial conversation does not commit you to an application.
Where legal, tax or other specialist advice is needed, we identify it early so the finance fits the wider transaction. Tell me about any change in employment, borrowing, deposit or property details before proceeding.
What to prepare
- Partnership or employment agreement
- Profit allocation and drawings statements
- Accounts and personal tax records
- Capital contribution and any associated borrowing
- Confirmed changes in partnership status
You do not need every document before saying hello. Start with a short outline; detailed or sensitive records should follow through an agreed secure route.
Income acceptance, borrowing amount and term depend on the lender’s individual assessment. Future awards, distributions, business exits or asset growth are not guaranteed. Your home may be repossessed if you do not keep up repayments.
Your questions, answered
Are drawings the same as income?
Not always. Their relationship with profit allocation and the partnership agreement needs to be understood.
Should I disclose borrowing for partnership capital?
Yes. Explain the balance, payments and terms alongside your other commitments.
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Preparation guide reviewed 11 September 2026. General information; individual lender assessment is required. Further reading: MoneyHelper: buying a home and mortgages.