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Loan - Main form of income not a salary
greenfrog_2
Posts: 10 Forumite
in Loans
Hi,
I'm currently applying for a loan and just wondered if anyone else has had any luck with similar cirumstances.
The majority of my income is from dividends paid by the limited company I own. My actual salary is set a very low rate.
I've spoken to a couple of banks who have told me that I can only apply based on my salary, any dividend payments will not be taken into consideration.
Does anyone know of a bank or lender that would take other forms of income into consideration? So far I have not completed an application as I don't want to take the risk of getting rejected.
Many thanks,
Lee
I'm currently applying for a loan and just wondered if anyone else has had any luck with similar cirumstances.
The majority of my income is from dividends paid by the limited company I own. My actual salary is set a very low rate.
I've spoken to a couple of banks who have told me that I can only apply based on my salary, any dividend payments will not be taken into consideration.
Does anyone know of a bank or lender that would take other forms of income into consideration? So far I have not completed an application as I don't want to take the risk of getting rejected.
Many thanks,
Lee
0
Comments
-
Your best bet I would think is to ask the bank holding your company account and personal account.
They will know how you conduct your accounts better than anyone else.0
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