COMPANY DIRECTORS and SELF EMPLOYED

Self-employed:

Net Profit figures are required for lending purposes, signed Accounts or Accountants Certificate or SA302's from the Inland Revenue required as proof of income - Normally a minimum of 2 years trading figures required , but some lenders will accept 1 years trading accounts for loans up to 75% of the property value. Second income acceptable

Company Directors:

A combination of gross salary, dividends & applicants own share of company's Net Profit (Accounts or Accountants Certificate required) - normally treated as self employed applicants, so a minimum of 2 years figures normally required, and 1 years up to 75% LTV. Second income acceptable.

Employed:

100% of gross annual salary/basic, plus 50-100% of bonuses, commission, overtime,Tax Credits, Pension, & some state benefits (varies between lenders) . 2nd jobs / second income acceptable as additional income for all income types

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