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How to Get a Mortgage as a Business Owner

January 11, 2022 By Mortgage Light Leave a Comment

Running your own business comes with a wealth of benefits and freedoms. However, when it comes to getting a mortgage as a business owner, you may need to jump through a few more hoops than someone who is a contracted employee.

Whilst perhaps more challenging, it’s certainly not impossible to secure a mortgage as a business owner. There are plenty of lenders out there who are familiar with business owners and willing to lend. In this article, we are going to explain a few things that you should know about how to get a mortgage as a business owner. [Read more…]

Filed Under: Getting a mortgage, Self-employed Tagged With: business, business owner, business owner mortgage, business owners, company director, getting a mortgage, limited company, partner, partnership, remuneration, self-employed, self-employed mortgage, sole trader

How to Get a Mortgage Without Payslips

December 15, 2021 By Mortgage Light Leave a Comment

Whilst there used to be a time before the last recession, where you could obtain a ‘Self Certification Mortgage’ which didn’t require any proof of income, this is now largely no longer the case. Today, proving your income is an essential part of getting a mortgage.

Mortgage lenders will use your proof of income to help determine your affordability for a mortgage. This also determines the maximum amount that they might be willing to lend to you. Most lenders will ask you to provide a number of recent payslips (typically a minimum of three), along with your mortgage application as evidence of your earnings. [Read more…]

Filed Under: Getting a mortgage, Self-employed Tagged With: business owner, CIS payslips, contractor, getting a mortgage, high net worth, high net worth individual, limited company, P60, payslips, proof of income, self-employed

Getting a Mortgage With a Limited Company

October 11, 2021 By Mortgage Light Leave a Comment

Getting a mortgage offer when you are the director and owner of a limited company can sometimes be challenging. This is particularly true when trying to evidence your earnings. Unlike most salaried employees, the self-employed and most company directors will not have a simple straightforward contracted income that can be evidenced via monthly payslips and a P60. [Read more…]

Filed Under: Getting a mortgage, Self-employed Tagged With: business, business owner, business owners, company director, director, dividends, getting a mortgage, limited company, pension, pensions, remuneration, self-employed, self-employed mortgage, tax

Related Pages

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All of our brokers deal with the whole of the mortgage market. It doesn’t matter what the question or when you want to speak to us, we have brokers available on the phone or face to face seven days a week. Whether you are just thinking of buying a home and have no idea where to start, a seasoned investor or someone looking to better your current mortgage product, we are happy to help andchat over ideas free of charge.

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