Austin Degge Mortgage Broker

Lending based on the latest years figures has also improved in price as more lenders are entering this area. Several mortgage lenders now lend based on the last years accounts rather than the average. The last commentary I made with reference to those self employed with one years accounts was that mortgage lending was capped at 75% LTV (Loan to Value), I have now successfully mortgaged several clients.

Mortgage lending based on net profit is useful to sole traders, but even more relevant to Limited Company Directors who receive relatively low salary and dividends. Potentially it is possible to borrow.