Mortgages for Company Directors

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Expert advice for mortgages for company directors

Mortgages For Company Directors

Mortgages for company directors can be complex, time-consuming and difficult to secure. This is because lenders often see self-employed people as higher-risk borrowers.  The challenges of securing a mortgage as a company director can include:

  • Finding the right mortgage product to suit your circumstances
  • Navigating your way around lender criteria which differ, especially for business owners
  • Proving your income which isn't always as straightforward for the self-employed
  • Taking the time out from your schedule to find, compare and complete all the paperwork

At The Mortgage Stop, we have a wealth of experience in helping company directors secure mortgages. We can offer you tailored advice to suit your individual circumstances and help you find the right mortgage product for your needs, contact us today to find out more.

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Complete your info below and an expert mortgage adviser will get back to you as soon as possible

Why should you use a mortgage adviser?

Why use a mortgage adviser?

  • Access to over 11,000 deals from the whole market
  • Impartial advice from an expert mortgage adviser
  • Qualified and regulated professionals
  • Access to exclusive deals

Going direct to a lender?

  • Advice on lender products only
  • Missing out on potential deals from specialists
  • Many lenders don't like complex circumstances
  • No single point of contact to help you

Conclusion:

If you're a company director, then you'll know that your financial situation can be complex. This is especially true when it comes to taking out a mortgage.

There are many different types of mortgages available, and the process of applying for one can be confusing and time-consuming. That's why it's important to get expert advice before you make any decisions.

At The Mortgage Stop, we have a team of experienced mortgage advisers who can help you find the right mortgage for your needs. We'll take into account your complex income, your outgoings, and your overall financial situation. We'll then provide you with tailored advice to suit your individual circumstances using our access to the whole of the market.

So, if you're a company director and you're thinking of taking out a mortgage, make sure you get in touch with The Mortgage Stop today. We'll be happy to help you find the right mortgage for your needs.

Case Study: How we helped a limited company director with complex circumstances

Sometimes limited company directors find themselves in complex situations.  One limited company director we helped had multiple businesses, a mortgage on his current home and wanted to buy a house with two dwellings on it so he could share the property with his parents. The client had been struggling to find a lender until he spoke to us!

Mrs H, a director of multiple limited companies with complex business arrangements and with her income derived from salary and dividends across his different companies all at varying net profit, wanted to move to a property that had two dwellings on it so she could bring her elderly parents to live with him. Mrs H required a mortgage to help fund the transaction but she was struggling to find a lender that would look at the multiple complex issues:

  • Limited company director income from multiple companies
  • A gifted deposit from the parents from the proceeds of the sale of their home and then would live with Mrs H at the new home
  • A property that has multiple dwellings on the land (all under one lease)

Effectively there were three factors that lenders were being put off by. Some accepted Mrs H's income but not the property's two dwellings, others approved the property but weren't willing to accept the gifted deposit gift as the parents would then be living at the address, and the combination of reasons not to lend continued with each lender she tried.

How We Helped:

After speaking to a frustrated Mrs H we took control of the situation for her.  We broke the process down into 4 steps.

  1. 1
    Validated Mrs H's income to ensure that she could afford the mortgage.  We consolidated the information into a concise story that showed our client was in a good financial position and we ensured the documents were ready to help back it up.
  2. 2
    We did our research on the property, how much land there was, what it was being used for and when and why there were multiple dwellings on the land.
  3. 3
    Our assessment of Mrs H's income and the property yielded high confidence in her eligibility for a mortgage, which led us to reach out to contacts at various lenders, including ones he had already been declined with.
  4. 4
    Once we had 3 or 4 lenders on board, including a lender that had declined Mrs H originally, we were able to give our client a range of options to enable her to realise her ambition.

We were able to secure Mrs H her mortgage with a lender that had originally said no. Mrs H was able to complete on her property and, her parents now live with her in a cottage just yards from Mrs H's house.

This case study is a perfect example of the type of complex scenario we can deal with. We were able to understand Mrs H's situation and provide solutions tailored specifically for her, including the deal with a lender who had said no originally!

If you're struggling to secure your mortgage or want advice on how to get one in the first place, let us know. Our team can offer expert advice that will suit any complex circumstances like Mrs H's complex income, gifted deposit and two dwellings under one lease!  It makes sense to talk to a qualified mortgage broker, give us a call today.

Your home may be repossessed if you do not keep up repayments on your mortgage

Mrs H Feedback

We had a tight deadline to find a mortgage to suit our needs. Rita was very responsive and found a deal that was very good and would be timely for our quick exchange time.

Rita's system for attaining all the information she needed from us made the whole process so straight forward and painless. This is not the first time we have come to Rita for our mortgage and it won't be the last.

Don't just take our word for it...

When you speak to one of our mortgage advice experts you will know that they are always doing their best to secure your mortgage, and if we aren't able to help you just yet, then we'll make sure you understand why and how you can become mortgage ready.

our mortgage Advice fee guarantee

If we fail to secure you a mortgage offer, then you don't pay us our fee

If we are unable to secure you a mortgage offer then we guarantee that you won't have to pay our fee. This means you can feel confident that we're always working for you to ensure your mortgage is secured.

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