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Company Drector and mortgage application

Raggie
Raggie Posts: 616 Forumite
Part of the Furniture 500 Posts Combo Breaker
in Mortgages & endowments
A hypothetical question for the mortgage brokers.

If one is a company director of a limited company, receiving a salary, dividend, profit share arrangement as income.

What effect does this have on a mortgage application vs being a normal salary receiving employee without the "director" title/responsibilities?

I suspect it may have some effect, but not sure what.

Thanks

Rags
The only place where success comes before work is the dictionary…

Comments

  • ACG
    ACG Posts: 24,744 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Rather than 3 months payslips you would need 1-3 years accounts.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • lucylooby123
    lucylooby123 Posts: 51 Forumite
    ACG wrote: »
    Rather than 3 months payslips you would need 1-3 years accounts.

    only if you own more than 30% of the firm.
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