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Self Employed Mortgage
Vicky832
Posts: 3 Newbie
Looking for advice of the best mortgage lenders for self employed that base decisions on share of net profit and also offer a higher than 4.5 multiple of salary, we need 4.6 or higher ideally. Buying with my partner who is employed and less complicated but I really need a lender who looks at share of net profit. TIA
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Comments
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4.6x latest years figures or 4.6x average of the last 2 years?
What will the LTV be?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 -
These Lenders, in the main consider pre tax, not post tax profit.
This needs to be borne in mind.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Ideally the latest financial year- although we do have 3 years of accounts. LTV 15-20%.0
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Yes- I would like to lenders to look at my share of net profit before tax ideally which I know a handful of lenders do0
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