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Salary & Mortgages
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Posts: 22 Forumite
I'm after a little advice....
What is the current mortgage market's approach to directors who draw only a minimum salary and the rest of their income as dividends??
As it stands I take my whole income as salary, with only a small yearly dividend however as with most directors I wish to maximise my tax benefits and draw the minimum I can taking the rest in dividends.
Will I be penalised for this, or will they actually look at my income as a whole and be reasonable???
What is the current mortgage market's approach to directors who draw only a minimum salary and the rest of their income as dividends??
As it stands I take my whole income as salary, with only a small yearly dividend however as with most directors I wish to maximise my tax benefits and draw the minimum I can taking the rest in dividends.
Will I be penalised for this, or will they actually look at my income as a whole and be reasonable???
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For most (but not all) lenders perfectly acceptableHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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