Advice needed

Legacy_user

Won't be asking for any help on here again, considering I've been personally attacked.

System

Won't be asking for any help on here again, considering I've been personally attacked.

ACG

4x income is the general rule - so that could be a combination of wage and dividends if you choose.

Being self employed does not mean you need a shared equity mortgage. If you choose that route you are limiting yourself on what is available.

The lender will base any lending on your past 2-3 tax returns/accounts, not future earnings. So it would be best to look over the last 2-3 years accounts and see what has been declared and then base your lending on that.

GMS

How much have you taken from the company in dividends? You will need 3 years accounts ideally, 2 years to access many and 1 years for limited lenders.

Is there any profit left in the company? Some lenders will use this.

What is the adverse credit, how much and when registered?

Broker may be useful for you here.

kingstreet

You're trying to work this the wrong way round. You need to tell us what the evidenced income is and the outgoings and we'll tell you what can be borrowed. You can't decide you fancy borrowing £60k, thinking you then declare the dividend to make that possible. As GMS said, you will be required to submit evidence of earnings over several years to show your track record.

If you're looking at SO (if that's what it actually is), you need to factor the rent into affordability, as well as the usual personal credit commitments, childcare costs, maintenance etc.

Please talk to a whole market broker, preferably with all three of your credit files and three years' SA302s to establish exactly what you can do.