Refreshed Self-Employed Criteria Meaning You Could Borrow More

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July 27, 2021

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In the past few weeks since the return of normality following Covid, lenders have started to change how they view Self Employed clients to provide more flexibility and a common-sense approach. This means that, if you are self-employed, you could borrow more than if you were to use the more conventional methods of an average of the last two years salary and dividends.

The figures you could now use are Profit BEFORE Taxation plus Directors Remuneration – this means if you don’t take all the money out of your company you could benefit from still using this income.

If you want to take advantage of this new policy, get in touch today.

Published On: July 27th, 2021 / Categories: All News, Mortgages, Self Employed / Tags: , , , /

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