What impact does being a company director have on mortgage eligibility when also in employment?

iketoot

I'm a full time employee of one company but also the director of another company. Looking at buying a property in the near future and have been basing the loan amount I hope to be eligible for on earnings from employment only. Lets say for arguments sake that my earnings from my company are zero. I am not employed by my company. Does being a company director have an impact on decisioning when lenders consider a mortgage application?

Thrugelmir

Being a director as such has no bearing. Unless there's financial implications such as personal guarantees for example. 

ACG

Many lenders do a companies house check as standard now a days. 
If you have only been in your employed role for a month or 2, it may look like you have done it just to get a mortgage. 

There is no magic cut off point, but in the main I would expect you to be fine, although you could get caught out by 1 or 2 lenders.