Struggling to secure a mortgage as a company director? You’re not alone. If you’ve faced difficulties proving your income, dealing with intricate paperwork, or meeting strict lender criteria, it’s likely causing frustration. Lenders often overlook the complexities of your financial situation, making it harder to get the mortgage you need. 

As lenders have moved towards computer based systems when assessing mortgage applications it has become harder for company directors with complex income to get their mortgage application approved. A bank computer system will work to an inflexible set of rules and will tend to say no whereas a human may have looked at the bigger picture and said “yes”.

Many lenders focus solely on your salary and dividends, ignoring your company’s net profits. This can force you to withdraw extra dividends, increasing your tax bill and still not getting you the mortgage you require. The paperwork involved can be overwhelming, and newer companies often face tougher requirements, such as needing two years of trading history, which isn’t always feasible.

This can lead to a prolonged and stressful application process, leaving you feeling stuck and unsure of how to proceed. You may have tried multiple mortgage lenders yourself and have been told that they cannot help you. The constant back-and-forth with lenders and the need to prove your income in ways that don’t reflect your business’s true potential can be incredibly disheartening.

But there is another way.

At PAB Wealth Management we specialise in helping company directors like you secure mortgages based on your company’s net profits, not just your salary and dividends. This means you can avoid drawing extra dividends and paying more personal tax just to meet lender requirements.

We have established relationships with specialist lenders who understand the nuances of your financial situation. Our relationships mean we get to speak directly to mortgage underwriters, meaning we are dealing with humans rather than computer systems. We will present your mortgage application in the best possible light to these underwriters meaning you stand a much better chance of being accepted. These lenders can assess your income based on your personal circumstance and will use the income make up which will provide you with the most amount of mortgage borrowing. Making it possible to get a mortgage even if your company has been trading for only a year or if you have not taken large amounts of dividend income.

We have access to over 100 lenders, giving you the best chance of finding a competitive rate that suits your needs. We handle all aspects of your mortgage application, from sourcing the right deal to managing the paperwork. You will receive personalised service rather than dealing with impersonal call centres. We understand business owners are busy so we are available for Zoom meetings and can work around your schedule, including evenings and weekends.

To find out how we can help you secure the mortgage you need, fill out our quick online form and one of our limited company specialist mortgage adviser’s will be in contact. We’ll make the process straightforward and help you get your new mortgage as easy as possible.