FT Adviser - Kensington to launch self employed mortgage policy
Kensington Mortgages is launching a new policy for self-employed customers, with affordability criteria taking into consideration a company director’s share of net profits in addition to their salary.
Aaron Strutt, product manager at brokers Trinity Financial, said that they speak to a lot of limited company directors who leave money in their business and there are only a handful of lenders willing to offer them a sufficiently large mortgage.
“Conventional underwriting often discriminates against borrowers who do not need to withdraw all of their potential income from their business by only accepting salary and dividends when assessing affordability.”
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
