Do You Need a Bigger Deposit if You’re Self-Employed?
You have probably heard that self-employed borrowers need a bigger deposit. Not by rule. With two years of figures many lenders on our panel may treat you on the same loan-to-value bands as an employed applicant, and some contractors qualify at 95%. Where a bigger deposit helps is on the restricted ranges: a short trading history, uneven income, or a large loan. Here is how the bands work, and when one year is enough.
Limited Company Director Mortgages — How Lenders Assess Salary, Dividends and Retained Profit
You pay yourself a modest salary and leave the profit in the company, which is tax-efficient and quietly makes you look like a low earner to a high street lender. The income is there. Whether a lender can see it depends on how it reads your accounts, and that varies more than most directors expect.
Offset For Contractors And Self-Employed: Smoothing Irregular Cashflow
Irregular income doesn’t have to mean uneven cashflow. See how offset mortgages can reduce interest, keep cash liquid for invoices and tax, and flex with day-rate or self-employed earnings—plus when lenders may consider it and how to set your accounts up for success.