Mortgages for Limited Company Directors
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Expert Advice for Business Owners Navigating the Mortgage Market
Being a limited company director brings freedom and financial control — but it can also make getting a mortgage feel unnecessarily difficult. The good news? With the right guidance and a lender who understands your situation, it’s completely possible.
Do Limited Company Directors Count as Self-Employed?
Yes. If you’re a director of your own limited company, most lenders will classify you as self-employed. That means they’ll require more financial information than for a typical salaried applicant. The process isn’t impossible — it just takes a more tailored approach.
Why Is It More Complicated?
Many limited company directors draw a low salary and top up their income with dividends. Others leave profits in the business for strategic reasons. Some are just getting started and don’t have years of trading history yet. These factors all contribute to income being seen as “non-standard,” making it harder for mainstream lenders to assess affordability.
How Much Can You Borrow as a Company Director?
Your borrowing power depends on how your income is structured. While many lenders look only at salary and dividends, some specialist providers will also consider:
Retained profits in the business
Net profit before tax (some may even look at gross profit)
Future income projections (in certain cases)
We work with lenders who take the full picture into account.
Documents You’ll Likely Need
To prove income and stability, most lenders will ask for:
SA302 tax calculations and tax year overviews
1–3 years of company accounts (ideally signed off by an accountant)
Business and personal bank statements
Proof of deposit and identity
How Long Do I Need to Be Trading?
While three years of accounts used to be standard, many lenders today accept just one full year — especially if you have strong financials or relevant industry experience. In some cases, future income projections can help strengthen your application. For the most competitive rates two years trading will likely be required.
Can I Use Retained Profits?
Yes, but not with every lender. Retained profits are often overlooked by high street banks, who view them as business reserves rather than personal income. However, more lenders can now factor this in, especially if your accountant can explain the rationale clearly.
What If My Business Made a Loss?
Having a loss on your record doesn’t automatically disqualify you — particularly if it’s from an earlier trading year or part of your start-up phase. Lenders will look at the trend, not just a single year. A specialist broker can present your case in the best possible light.
How Big a Deposit Will I Need?
Typically, 10–15% is expected. However, factors like a shorter trading history or poor credit could push this higher. The better your financial profile, the more competitive your rate — and the smaller your deposit may need to be.
Why Use a Broker?
Mortgage brokers (like us!) are experts at navigating complex applications. We:
Work with lenders who specialise in limited company director income
Understand how to present your financials
Maximise your borrowing potential
Save you time and hassle
Ready to Get Started?
Whether you’re newly self-employed or have run your business for years, we’re here to help. Speak to our team for a free, no-pressure chat about your mortgage options.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Yes! You absolutely can, even if your income is made up of salary, dividends, or retained profits. You just need the right lender who understands director income structures.
While two is ideal, some specialist lenders may accept just 12 months of trading history, with one years finalised accounts. Especially if you have strong history in a profession and a solid deposit.
Using retained profit towards mortgage affordability is becoming more common. The trick is knowing which lenders allow this. A specialist broker can help match you with lenders who assess your full financial picture, including retained profits.
Ideally, yes – but a previous loss won’t automatically disqualify you. There are also lenders that base there affordability assessment entirely on your personal salary and dividends, and they do not require the business trading information.
Typically, lenders assess your salary and dividends. Some may consider your share of net profits, especially if you own a significant portion of the company. There are even lenders that can use your share of company gross profit. However, this is particularly niche!
Yes, though your options may be more limited. Specialist lenders cater to directors with adverse credit, but expect to need a larger deposit and possibly higher interest rates.
Absolutely. Brokers familiar with complex income structures can open doors to lenders you might not find on the high street, improving both approval odds and deal quality.
Why Fifty Nine Financial?
- Access to Whole of Market
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