We understand that life doesn’t always fit into a perfectly size box and it’s not always easy to assess income – especially when your clients do not have ‘standard’ income such as with directors of a limited company.
But there are options! As we use manual underwriting we’re able to assess cases ‘out of the ordinary’, and help people who do not have a standard salary.
Here are two ways to look at income if your client is the a director of a limited company:
- Director's salary and dividends may be used when calculating the income figure, instead of using the net profit figure after tax.
- We can use net profit after tax if the shareholding is at least 50%.
This is a brief summary of our lending criteria and additional restrictions or considerations may apply. For more information you can view our self employed products here or give us a call on 0330 123 1073.