If you are a limited company director looking for a mortgage, we can help.

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.

To get the ball rolling, here are some things that you will need to get together:

  • Latest finalised limited company accounts
  • Operating and retained profit
  • SA302’s and tax overviews
  • Record of dividends you’ve drawn down from the business
  • Last three months business and personal bank statements
  • Reference from your accountant may also be required

As specialist brokers, we will help you with the whole process, including how you might go forward if your business has peak periods and slow troughs.

Need more advice? Please get in touch, we would be happy to help.

Ready to talk through your needs?