If you are a limited company director and are looking for a mortgage, there are definitely more challenges than if you were an employee.
This means that securing a residential mortgage can be complex and you will need a specialist broker to ensure you get the results.
At Smiths Financial, we can help you explore the range of lenders who can provide solutions – even if you have only been trading for a year.
For example, being in a position to put down a deposit larger than 15% is, obviously, more attractive to lenders in terms of borrowing level and lower interest rate. However, if your business and personal credentials are strong, we can find specialist lenders that may offer a 95% loan to value (LTV) ratio.