Director Mortgages

For company directors, securing a mortgage can present unique challenges due to the way income is structured. However, with the right approach and understanding of available options, company directors can find suitable mortgage solutions tailored to their financial situation.

A Director Mortgage is a specialised mortgage product designed for company directors, recognising the distinct way they receive income, often through a combination of salary and dividends.

Income Assessment: Lenders assess your income based on both your salary and dividends. Some may also consider retained profits within your company.
Flexible Criteria: Recognises the unique financial circumstances of directors, offering flexibility in income verification and lending criteria.
Competitive Rates: Access to mortgage products with competitive rates designed specifically for directors.

Proof of Income: Documentation showing your salary, dividends, and potentially retained profits. This typically includes patements, tax returns, and company accounts.
Company History: A trading history of at least one to two years, demonstrating stability and profitability.
Credit History: A good credit history, demonstrating your ability to manage personal and business finances responsibly.
Financial Stability: Evidence of financial stability, including savings and other assets.

Tailored Assessment: Income assessment that takes into account the unique structure of a director’s remuneration.
Specialist Lenders: Access to lenders who understand the financial dynamics of running a company.
Long-term Planning: Suitable for directors looking for both personal and business financial planning.

Initial Consultation: Discuss your needs with a mortgage advisor experienced in working with company directors.
Documentation Preparation: Gather necessary
documents, including salary and dividend statements, company accounts, and tax returns.
Application Submission: Work with your advisor to submit a comprehensive mortgage application.
Lender Assessment: Engage with lenders who understand director income structures and can offer tailored mortgage products.
Approval and Completion: Secure mortgage approval and complete the purchase process with the support of your advisor.

Find the right mortgage for your needs with clear, personalised guidance from Pera Mortgages.

Embark on your mortgage journey with confidence alongside Pera Mortgages.
As UK-based mortgage brokers, we understand the complexities of the market. Let our seasoned experts steer you through the maze of options, ensuring a seamless experience tailored to your needs.