Mortgages for Company Directors

Looking for expert advice on mortgages for company directors? Our specialists have got you covered. Get in touch for tailored solutions.

Are you a limited company director or business owner looking to secure a mortgage? If so, you've come to the right place. At NJW Financial, we specialise in providing expert advice to help you secure the mortgage you need.

Limited company directors can face unique challenges when it comes to securing a mortgage. Unlike salaried employees, company directors' annual income can be variable and is often tied up in the business. As a result, it can sometimes be difficult to evidence personal income in mortgage applications.


But don't let that discourage you. With our specialist mortgage advice, you can increase your chances of securing the mortgage you need.



YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

What are the requirements for a mortgage as a limited company director?

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When applying for a mortgage as a limited company director, most lenders will typically require you to provide the following:


  • Personal tax returns for the past two to three years
  • Company accounts for the past two to three years
  • Proof of income (dividends, salary, etc.)
  • Proof of identity and address
  • Details of any outstanding debts


It's important to note that mortgage lenders may have different requirements, so it's best to consult with an expert to ensure you have all the necessary documents.

What are the options for company directors?

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Limited company directors have several options when it comes to securing a mortgage. These include:


  1. High street lenders - all welcome applications from limited company directors and offer the same mortgages with the same terms as those for employed people.
  2. Specialist lenders - Specialist lenders offer mortgages specifically designed for limited company directors when incomes may be more complex. These lenders understand the unique challenges faced by business owners and are often more flexible in their lending criteria.
  3. Buy-to-let mortgages - If you're looking to purchase a property as an investment, a buy-to-let mortgage may be a good option. These mortgages are designed for landlords and are typically based upon the rental income the property can generate and less so on the applicant's income.


Most Buy to Let Mortgages are not regulated by the Financial Conduct Authority.


At NJW Financial we can help you explore all of these mortgage options, and determine which is best for your individual situation.


Why choose NJW Financial?

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At NJW Financial we pride ourselves on providing exceptional service to our clients. We understand that securing a mortgage can be a daunting process, especially for limited company directors. That's why we're here to help.


Our team of experienced, mortgage brokers and advisers has years of experience working with business owners just like you. We understand the unique challenges you face and can provide tailored advice to help you achieve your goals.


When you choose NJW Financial, you can expect:


  • Personalised service - We take the time to get to know you and your business, so we can provide advice that's tailored to your individual situation.
  • Expert advice - Our team of experienced mortgage advisers has a deep understanding of the mortgage industry and can provide expert advice to help you navigate the process.
  • Access to multiple lenders - We work with a wide range of lenders, including high street lenders and specialist lenders, to ensure you have access to the best possible rates and terms.
  • Ongoing support - We don't just help you secure a mortgage, we provide ongoing support throughout the process and beyond to ensure you have everything you need to make informed decisions about your finances.
  • Peace of mind - We understand that securing a mortgage can be stressful, especially for limited company directors. That's why we're here to provide guidance and support every step of the way.


Ready to get started?

If you're a limited company director looking to secure maximum loan amount for a mortgage or mortgages for company, don't go it alone. Let the experts at NJW Financial help you navigate the process and secure maximum loan to value for the mortgage you need.


Contact us today to schedule a consultation with one of our experienced mortgage advisers. We're here to help you get a mortgage, achieve your goals and achieve financial security.

Take control now and get in touch today to see how NJW Financial can help you.

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FAQs

Got a question? We’re here to help.

  • Can I get a mortgage as a company director if my business is not profitable?

    Lenders will typically assess your income based on the net profits made of your business, so if your business is not profitable, it may be more difficult to secure a mortgage. However, if you can demonstrate a stable income through your company's profit or other means, such as dividends or salary, you may still be eligible.

  • Can I use the income of my spouse or partner to support my mortgage application?

    Yes, you can include the income of your spouse or partner on your mortgage application, provided they meet the lender's eligibility criteria.

  • Will a mortgage for a company director have higher interest rates?

    No. Interest rates for mortgages for company directors are no different than rates offered to employed people.

  • Can I use a mortgage broker to help me secure a mortgage as a company director?

    Yes, using a mortgage broker who specialises in mortgages for company directors can be a helpful way to navigate the application process and find the best deal for your company directors borrow individual circumstances.

  • How long does it take to secure a mortgage?

    The time it takes to secure a mortgage as a company director can vary depending on the lender and your individual circumstances. It's important to allow plenty of time for the application process, and to be prepared to provide all necessary documentation.

  • Can I get a mortgage as a company director if I have a bad credit history?

    Having a bad credit history can make it more difficult to secure a mortgage as a company director, but it's not impossible. You may need to provide additional documentation or a larger deposit, and interest rates may be higher.

  • What should I do if I'm struggling to secure a mortgage as a company director?

    If you're struggling to secure a mortgage as a company director, consider seeking professional advice from a mortgage broker. They can help you understand your options and improve your chances of mortgage approval.

  • Do I need to have a large deposit to secure a mortgage

    No, but its always better to have as large a deposit as you can comfortably afford so you can borrow less from a mortgage lender.

Ready to get started?

Fill in our form now to receive expert advice on company director mortgages. Our team will be in touch shortly to discuss your needs and provide tailored solutions. Don't let mortgage stress hold you back - take action now and secure the mortgage you deserve.


Call 02895 575010 or 0141 291 5044 or send us a message using the form below and we’ll tend to your enquiry right away.