Kensington targeting limited company directors
Kensington is launching a mortgage specifically designed to attract limited company directors struggling to secure large enough loans.
The mortgage will be available to directors who choose to keep some profit in their business rather than draw it all down as salary and dividends.
Aaron Strutt, product manager at Trinity Financial, says: “Conventional underwriting often discriminates against borrowers who do not need to withdraw all of their potential income from their business by accepting only salary and dividends when assessing affordability.
“We speak to a lot of limited company directors who leave money in their business and there are only a handful of lenders happy to lend against retained profits.”
For help to secure a leading mortgage, call Trinity on 020 7016 0790.
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