What many lenders use
Salary + dividends
- Income used
- £50,000
- Multiple
- 4.5×
- Illustrative maximum
- £225,000
Self-employed mortgage specialists
Use your business profits toward your personal mortgage.
We work with high street lenders that can assess your mortgage based on the profits of your limited company, rather than just the dividends drawn. Using this method can dramatically improve the options available to you.
There is no increase in the rate or lender fee because you are using this method. Standard lender rates and fees apply.
My Self Employed Mortgage is a trading style of My Financial Services Group Limited. Authorised and regulated by the FCA. Reference 717338.
Limited company directors
Two ways explained: salary+dividend vs salary+profits
Tax advice often means taking a modest salary and dividend, and leaving the rest of the profit in the company. The business can support a higher loan than the tax return, on its own, suggests. The figures below are a starting illustration for a 100% shareholder. They are not a quote.
Largest loan: salary + profit share
£550,000
£325,000 more than salary plus dividends, by using salary plus your share of profit.
What some lenders use
Salary + profit share
- Income used
- £110,000
- Multiple
- 5×
- Illustrative maximum
- £550,000
Income of £50,000 or under is illustrated at 4.5×. Income over £50,000 is illustrated at 5×, so the two readings can use a different multiple. They are alternative readings of the same years, not added together. Dividends are paid out of profit, so a profit-based assessment usually replaces the dividend figure. This is an illustration, not a mortgage offer and not a promise of what a lender will advance. Credit, deposit, the property and each lender’s criteria still decide the outcome.
Who we help
How you earn changes the mortgage
Most of our work
Limited company directors and shareholders
We look at salary, dividends and your percentage of profit after corporation tax, then approach lenders whose rules fit the accounts you actually have. Shareholding matters: a 40% shareholder is assessed on 40% of the profit, not the whole company.
Salary and dividends, or salary plus profit share. Not both added together.
Sole traders
Lenders usually start from net profit on the tax calculation, not turnover. Two years is common. A rising latest year can sometimes stand on its own.
Partnerships and LLPs
You are assessed on your share of the profit. We use the accounts and the tax return so the percentage the lender applies is the one you actually own.
CIS subcontractors
The gross on the CIS vouchers can set the mortgage, not the net paid into the bank. Many lenders want 3 to 6 months of vouchers and statements. The most flexible use the latest 3.
How we help
From the accounts to an offer
01
Initial assessment
Income, deposit, credit outline and whether this is a purchase, remortgage or buy-to-let. No cost for that first look.
02
The right reading
We say which lenders can use profit share, an average, or CIS income — and which would only take salary and dividends.
03
Agreement in principle
When you want one, we ask a lender to credit-check the case. You decide before any search is run.
04
Application to offer
We submit the documents, deal with the underwriter, and stay with it through valuation and the mortgage offer.
- CeMAP qualified advisers, employed by the firm
- Initial assessment at no cost
- Purchases, remortgages and buy-to-let
Start here
Tell us the outline
Call 0204 551 2123, or send the form. If you are too busy to chat, email an overview of your situation and what you need. We are open monday to friday, 9am to 6pm.