PM: Joey Deacon / Ingi (or anyone who knows re mortgages)

Wonder if you might be able to help with a query regarding lending to company directors?

I believe that generally speaking mortgage lenders will cap lending at 4.5 times income (just salary & dividends for me), however I also understand that some (non-high street) lenders will take a company's retained profits etc into account where the applicant is a sole or significant shareholder in that company?

Is there a simple calculation (like the 4.5 times income one) for calculating lending based on company accounts or would it need to be looked at on a case by case basis?

Cheers

Posted By: WestYorksCanary, Aug 8, 10:35:31