We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bit of help, FTB'r...
Options

FTBer
Posts: 3 Newbie
Trying to get to grips with all i need to know but have a few questions...
I am paid via salary/dividends so finding it hard using the online calculators to find out what sort of mortgage i may be able to get.
So thinking that my best bet is to go down a broker route, (although having spoken to 2 already that had no idea about salary/dividends..)
I am also not quite understanding the difference between an IFA/Broker, are either of them better to go too?
Are there any lenders who are better at understanding salary/dividends? Santander wouldnt even lend me 60k....
Thanks in advance.
I am paid via salary/dividends so finding it hard using the online calculators to find out what sort of mortgage i may be able to get.
So thinking that my best bet is to go down a broker route, (although having spoken to 2 already that had no idea about salary/dividends..)
I am also not quite understanding the difference between an IFA/Broker, are either of them better to go too?
Are there any lenders who are better at understanding salary/dividends? Santander wouldnt even lend me 60k....
Thanks in advance.
0
Comments
-
Santander are useless for the self employed.
An IFA is a Broker - IFAs arnt really interested in mortgages in the main, although they can do them.
How much do you take as wages/dividends (for each of the last 2-3 years)?
How much of the company do you own?
How is the company doing?I am a Mortgage AdviserYou 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.0 -
Ah ok, makes a bit more sense now.
And i thought as much, santander are pretty much useless with anything....
Salary: 8k
Dividend: Year1: 5k Year2: 9k Year3:9k (only a 5% share)
Company doing very well.0 -
Why was there a dip?
Thats something that may cause lenders some concern.I am a Mortgage AdviserYou 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.0 -
Company was only formed that year, but has risen since.. so hopefully will look more ideal...0
-
Sorry i miss read - i thought £5k was the most recent year.
I would say you would be looking at around £60-70k (probably closer to the £60k though).I am a Mortgage AdviserYou 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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards