New Ltd company start up - How best to pay owner to benefit mortgage application in future?

Bossofmoney

As per the title. My partner has started up a Ltd company. Meeting with an accountant in a couple of weeks time for a few pointers and advice as Ltd and VAT registration is all new to us (I'm a non VAT registered Sole Trader so not quite the same)
Will be looking to get a mortgage in a couple of years time, once books are built up. Besides the obvious "earn as much profit as possible", does anyone have any pointers on the best way for her to pay herself to look as attractive as possible on a mortgage application? Her own personal credit rating and history is pretty good and will only be borrowing less than £150k once large deposit is paid. 
Looking likely to be able to pay herself over 3k a month minimum. 

Any advice would be much appreciated,thanks.

Sandtree

What is the company doing? Who are going to be the shareholders? 

As a contractor that operates via a PSC limited company the bank just wanted numbers from our accountants to confirm shareholdings, turnover, profit, balancesheet, salary and dividends for the last 3 years... the same form covered sole traders, partnerships and directors with a 20% shareholding or more with just slightly tailored questions.

oldbikebloke

it is a simple case of convincing the lender that your source of income (especially if the company is the only source) is stable 

they should not be too fussed about salary v dividends, provided those are the only forms of money you personally remove from the company and no one else is involved in the company to affect the share available to you year on year.
If the company turnover is "good and stable" then, for a one man band, it matters not if the company has low profits because a massive salary has been taken, or high profits with massive dividends whipping all the money out of the company. Either case makes company look short of money, but to the lender, the borrower has "good income" which is what they are assessing.

the classic wail of protest is in the case of the one man band where the bottom line is it is all "your" money, whether it is in the company, or in your pocket. Therefore, the relationship between corporation tax, salary  and dividends directly affects how much total tax leaves the total pot. That is where people come unstuck with mortgages, as personal tax efficiency can make their source of income (the company) look sick, and lenders say you cannot afford it as the source will dry up. I grant however that particular conundrum is more relevant to cases where the owner is taking money out in forms other than salary or dividends, I have a client who cannot get a good rate mortgage until his accounts have "improved" by removing the rent he pays to himself for the company's use of his personally owned premises for at least the next 2 years as his company makes "no" profit and is "sick".

Thrugelmir

Earnings history will be key. That can only be built over time. 

jonesMUFCforever

I agree but IMO lenders may want to see the last 3 years worth of accounts.