We’re currently working on our BTL calculator in light of our recent criteria changes. We hope to have this back up and running soon but if you need any help in the meantime, please contact your BDM or the Helpdesk on 0330 123 1073.

Lending to directors of a limited company

Written by Ipswich Building Society

30 Nov 2018


Directors, Income, Self employed

1 min read

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:

  1. Director's salary and dividends may be used when calculating the income figure, instead of using the net profit figure after tax.
  1. 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.

This article was published under our previous name of Ipswich Building Society. We changed our name in 2021 – get in touch if you have any questions.

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