| Message: | Jones & Young are specialist mortgage brokers for the self employed and company directors, contractors and CIS workers. We understand how the self employed are paid so we are able to place you with the best lender for your company set up.
We can use retained profits and net profits so you don't need to use taxed dividends as income. Use your gross day price for contract workers or CIS (construction industry scheme) workers. As we are not using your gross income for price you can run your company tax effectively and still borrow the mortgage funds you want. We have lenders who calculate affordability using the current years accounts, the majority of lenders require an average of the last 2 years. We also have lenders who only require one year trading background. Sadly there is a large knowledge gap in the mortgage industry for self employed, company directors and contractors.
A large number of advisers don't understand how the self employed are paid or how the lenders treat them differently relying on what figures we use to calculate their income. As self employed are paid in a couple of different ways (depending what they do) gives us possibilities to maximize a lenders criteria to the clients advantage so they can borrow much more. This means the client can save money in tax, as they don't need to be less tax efficient just to show a high enough income to get the mortgage they want. They can also borrow more money without getting a huge tax costs. Client benefits as they can continue uses taxable deduction to limit tax and not have to fret they can't get the mortgage they want because theoretically they don't earn enough.
• 01730776076
• https://jonesandyoung.co.uk
• enquiries@jonesandyoung.co.uk
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