Limited Company Director Mortgages

If you're applying for a mortgage as a Limited Company Director, our experienced advisers specialise in navigating the complexities to find you the right deal.

Can a Company Director Get a Mortgage?

If you're a company director hoping to get a mortgage, it's easy to get overwhelmed with where to start. It can be challenging to navigate the different criteria of hundreds of mortgage lenders.

The good news is there are plenty of lenders who specialise in providing mortgages to Limited Company Directors. Each lender has different criteria, so even if you've previously been rejected, there could still be hope.

How Lenders Assess Your Income

High Street Lenders

Typically assess affordability based only on your director's salary plus dividends withdrawn.

Salary + Dividends

Specialist Lenders

A growing number of lenders will consider your share of retained profits as part of your income.

Share of Retained Profits

Profit Assessment

Some specialist lenders will assess your share of total company net profit, potentially maximizing borrowing.

Company Net Profit

Contract Rate

For contractors, some lenders can use your day rate to calculate annual income.

Contract Day Rate

Real Example: The Difference Can Be Huge

If your company made £250,000 profit but you withdrew £50,000 (salary + dividends), a standard lender might let you borrow up to £250,000. However, a specialist lender considering your share of company profit could allow up to £1,250,000 – a massive difference.

How Much Deposit Do You Need?

5% Deposit

Accessible for those who tick all the right boxes in terms of affordability and good credit history.

Maximum LTV (95%)

15% Deposit

Typical for more complex applications, such as limited trading history.

Flexible terms

30% Deposit

Required for complex scenarios like poor credit history or very new businesses.

Specialist access

Documentation You'll Need

Tax Calculations

SA302 calculations from HMRC for the last 2-3 years.

Company Accounts

Certified by a chartered accountant for the business.

Bank Statements

Last 3 months of personal and business statements.

ID & Address

Passport/driving licence and recent utility bills.

Preparing Your Application

Review your credit history across different agencies

Improve your credit score by removing old associations

Ensure your name and address match across all accounts

Registers on the electoral roll to judge stability

Gather 2-3 years of accounts and tax calculations

Director Mortgage FAQs

Absolutely. While high-street banks can be conservative, many lenders specialize in director mortgages and understand that your income structure (salary + dividends + retained profits) is different from an employee.

Standard lenders look at your salary plus dividends withdrawn over the last 2 years. However, specialist lenders can consider your share of the company's 'Net Profit' (retained profit), which often allows you to borrow significantly more.

If you have 2+ years of accounts and a good credit score, you can access mortgages with as little as a 5% deposit. If your business is newer or your income structure is complex, you may need a 10% to 15% deposit.

Most lenders require your accounts to be prepared or certified by a qualified accountant (e.g., ACA, ACCA, CIMA). Having a qualified accountant can also help expedite the mortgage application process.

Have more questions? Our team of CeMAP qualified advisers specialise in director mortgages.

Ready to Discuss Your Director Mortgage?

Our expert brokers know where to look and who to approach. Book your free consultation today.

Ready for Your Mortgage Journey?

Get expert mortgage advice with no obligation. Our specialists are here to help you find the perfect mortgage solution for your needs.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.