We can use retained profits and net profits so you don't need to use taxed dividends as income. Use your gross day rate for contract workers or CIS (construction industry plan) workers. As we are not using your taxable income for price you can run your company tax successfully and still borrow the mortgage funds you want. We have lenders who calculate affordability using the latest years accounts, most lenders require approximately the last 2 years. We also have lenders who just require one year trading history. Regrettably there is a large knowledge gap in the mortgage industry for self employed, company directors and contractors.

A large number of advisers don't understand how the self employed are paid or how the lenders treat them differently relying on what figures we use to calculate their income. As self employed are paid in a couple of different ways (depending what they do) gives us opportunities to maximize a lenders criteria to the clients advantage so they can borrow much more. This means the client can save money in tax, as they don't need to be less tax efficient just to show a high enough income to get the mortgage they want. They can also borrow more money without getting a big tax costs. Client benefits as they can continue uses taxed deduction to limit tax and not have to worry they can not get the mortgage they want because theoretically they don't earn enough.

What we do is most effective in the IT and Construction industry because they have alot of contract workers. We also do equity release for clients over age 70 who wish to launch equity in their home in order to top up income for day to day spending, estate tax planning, gift to family members, improve the home or luxury items.

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