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Company directors
Mortgage broker for limited company directors
Your company may earn far more than you pay yourself. Most lenders only look at what you draw. Some may look at your share of the profit instead, and Quanstrom Financial knows which ones.
- Free director income check
- Whole of market, 90+ lenders compared
- Free first consultation, with no obligation
Recent case: a £666,000 mortgage for a director with one year's accounts, after other brokers had said no.
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Get your free director income check
Tell us a little about how you pay yourself. We aim to reply the same working day.
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How we help
How Quanstrom Financial helps company directors
Most directors pay themselves tax-efficiently: a modest salary, some dividends and profit left in the business. Many lenders only count what you draw, so a profitable director can be assessed on a fraction of what the business earns.
Lenders that may use company profit
Some lenders may assess your salary plus your share of the company's net profit, before or after corporation tax, depending on the lender.
One year's accounts
Recently incorporated? Some lenders may consider you with a single year of accounts, subject to their criteria.
Changed from sole trader
Some lenders may look past the date you incorporated, as long as the business and its ownership haven't changed.
Growing or uneven profits
If profits have grown, some lenders may use your latest year on its own rather than a two-year average.
What you may be able to borrow depends on your circumstances and lender criteria.
How it works
How it works for company directors
Five steps from your first call to completion. Quanstrom Financial handles the paperwork along the way.
Free director income check
Tell us how you pay yourself and roughly what your company makes. We'll explain which lenders may use your profit.
Gather your figures
Usually your latest limited company accounts, tax calculations (SA302s), tax year overviews and bank statements. The exact list depends on the lender.
Compare the market
We compare 90+ lenders and recommend a mortgage that suits how you're paid, explaining why.
Application and offer
Jessie submits your application and keeps it moving with the lender until your mortgage offer is issued.
Completion
Your solicitor completes the legal work, and you move in or your new deal starts.
Pension contributions and add-backs
Large pension contributions could count towards your income
Employer pension contributions reduce the profit shown in your accounts, even though the money goes into your own pension. Some lenders may add them back, along with certain one-off costs, which could increase the income they use for your mortgage.
What may be added back
Depending on the lender, this could include employer pension contributions and some one-off or non-recurring expenses, such as a large equipment purchase. Each lender sets its own rules.
A recent example
Claire's company made a £48,000 profit after paying £60,000 into her pension. Her lender added the contributions back and assessed £108,000 of profit instead.
Names changed. Every case is different, and lending depends on your circumstances and lender criteria.
Who we help
Directors we often help
Every company is different. These are some of the situations Quanstrom Financial helps with most.
Read our guide: 9 lenders comparedLow salary, retained profit
Directors who keep drawings low and leave profit in the business for tax efficiency.
50/50 and multi-director companies
Some lenders may credit each director with their share of profit, in line with their shareholding.
Directors paid through PAYE
Salary only, no dividends? How lenders view you may depend on your shareholding.
Contractors and company buy-to-let
Day-rate contractors working through a company, and directors buying rental property through a limited company.
Plan ahead
Planning a move in the next year or two?
Talk to us before your accountant finalises this year's figures. How you take salary, dividends and pension contributions could change what lenders may consider next time, so a short conversation now could help you plan.
Talk it through with an adviserWhy Quanstrom Financial
Why directors choose Quanstrom Financial
- We know which lenders look at profitEvery lender reads accounts differently. We'll show you which may suit your figures, and why.
- Complex cases are everyday workIncluding a £666,000 mortgage on one year's accounts, for a director other brokers had turned away.
- Advice from a fellow company directorToby runs Quanstrom Financial through a limited company, so he knows how salary, dividends and profit fit together.
- Your case managed start to finishJessie keeps your application moving with the lender and your solicitor, so you always know where things stand.
One of the many things that sets him apart is immediately understanding the key elements of my situation and applying his expertise to find a rapid solution.
Dan C., about TobyProtect your income and your homeDirectors often have no sick pay or death-in-service cover. Life insurance and income protection could help protect your mortgage. There's no charge for our protection advice.Protection options
Company director mortgage questions
Can't see your question? Call us on 01323 364432 or book a free consultation.
Do I need two years of accounts?
Not always. Some lenders may consider one year's accounts, though the choice of lenders is smaller. It depends on your circumstances and lender criteria.
Can lenders use my company's profit rather than my dividends?
Some can. A smaller group of lenders may use your salary plus your share of the company's net profit, rather than only what you've drawn. Our director guide compares how nine lenders approach it.
Do I need to talk to my accountant first?
Not usually. Start with a free chat. If timing your application around your next accounts could help, we'll tell you, and we're happy to speak to your accountant directly.
What documents will I need?
Typically your latest limited company accounts, your tax calculations (SA302s) and tax year overviews, and recent personal and business bank statements. The exact list depends on the lender.
Can you help with a larger mortgage?
Yes. Larger loans are assessed case by case, and a bigger deposit generally widens the choice of lenders. Your home may be repossessed if you do not keep up repayments on your mortgage.
Can you help if I'm not in Sussex?
Yes. Quanstrom Financial advises company directors across the UK by phone and video, and in person by arrangement.
How much does your advice cost?
Fees vary depending on your circumstances - get in touch and we'll explain any costs clearly before you proceed. Your first consultation is free and there's no obligation.
Calculator
See how differently lenders could read your company
Enter your salary, the dividends you draw and your share of company profit to compare the two main ways lenders assess directors.
What would a lender see in your accounts?
Send us your latest accounts and tell us how you pay yourself. We'll explain which assessment methods could apply, which lenders may suit your figures and roughly what you could borrow. It's free, and there's no obligation.
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