As a sole trader, lenders will typically assess your income based on your net profit. Most prefer to see two to three years of accounts, but some will work with just one year, particularly if you’re newly self-employed or have recently changed your trading structure.
We take the time to understand how your business operates and match you with the lender most likely to view your income favourably. The numbers on your tax return might look different to your actual earning power, we know how to bridge that gap.
If you operate through a limited company, lenders assess your income differently. Some will look at your salary and dividends. Others will consider your share of the company’s net profit. Some will do both. Knowing which approach works in your favour and which lender uses it, can make a significant difference to how much you can borrow.
We’ll assess your income in the way that presents your application most effectively and find the lender whose criteria best fits your situation.
Your income can be assessed in two ways:
We’ll identify which approach works best for you before we approach any lender.
We take the time to understand how your business operates and match you with the lender most likely to view your income favourably. The numbers on your tax return might look different to your actual earning power, we know how to bridge that gap.
A ten minute conversation is usually enough to work out what’s achievable for your situation. Get in touch and we’ll take it from there.
We aim to respond to all enquiries within one working day. If your matter is urgent, please call us directly.
