Unlock Your Dream Home with a Net Profits Mortgage
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What is a Net Profits Mortgage?
A Net Profits Mortgage is specifically designed for business owners who may find it challenging to secure a traditional mortgage. Rather than relying solely on salary and dividend payments or standard income proof, this option considers your share of net profits as reported in your financial accounts.
Why Choose a Net Profits Mortgage?
Flexibility for Limited company directors
Many mortgage lenders assess affordability based on salary and dividends or taxable income. If you’re self-employed, this can be limiting. Net Profits Mortgages provide greater flexibility by considering the actual earnings of your business not just the money you have taken out as a director. No longer do you have to pay yourself extra dividends and pay more tax just to show a higher income for your mortgage.
Fair Assessment of Your Financial Position
Your ability to afford a mortgage shouldn’t be limited by fluctuating income streams. With a focus on net profits, this type of mortgage gives a balanced view of your personal and professional finances.
Access to Competitive Rates and Terms
At Jones & Young, we work with lenders who specialise in mortgages for self-employed individuals, allowing us to secure attractive deals suited to your unique situation.
How Does It Work?
1. Speak With Our Specialists
We take the time to understand your finances and goals so we can match you with the right lender and mortgage solution.
2. Submit Your Financials
Simply provide your business accounts or tax returns to help us assess your net profits.
3. Tailored Mortgage Offers
Based on your financial submissions, we will present you with the most competitive mortgage options.
4. Move into Your New Home
With Jones & Young guiding you every step of the way, you’re closer than you think to owning your dream property.
What Sets Jones & Young Apart?
Specialists in Self-Employed Mortgages
Over 70% of lenders fail to cater properly to the needs of self-employed mortgage seekers. At Jones & Young, this is our area of expertise.
A Trusted Advisor for Home Buyers
We’ve helped hundreds of self-employed individuals find the ideal mortgage terms to match their needs.
Dedicated, Personalised Support
We guide you from the initial consultation to completion, ensuring the entire mortgage process is stress-free and efficient.
Specialist Mortgage Advice for Complex or Non-Standard Circumstances
60-95% Loan to Value (LTV)
Loan to Value(LTV) options typically 60-95%
Trusted Advice
Clear and concise guidance based on your circumstances.
Communication
Helping customers cut through the noise to understand things their way.
Gross Pay Used
The Lenders average your income over the last 3 months' GROSS pay. Not the net amount from your tax calculations.
Specialist Rates
We help you explore options across mainstream and specialist lenders, focusing on those whose criteria match your credit history.
30+ Years As Mortgage Advisers
We have been providing business owners and the self employed with mortgage advice
Individual Tailored Advice For Mortgage & Protection
Tailored advice recommended for your personal situation
Whole Of Market Access
Access to a wide range of lenders, including specialist mortgage providers
What Do Our Clients Say?
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Frequently Asked Questions
We’ve done our best to try and answer some of the most frequently asked questions.
How much of my net profits will lenders consider?
Most lenders will take into account your net profits from the last 1-years. Our team will work with you to determine the level of affordability based on this data.
Can this type of mortgage work if my income varies?
Yes, that’s the beauty of Net Profits Mortgages—they’re designed to accommodate the fluctuating income often seen in self-employed individuals or business owners.
What financial documents do I need to provide?
Typically, you’ll need to submit at least one year’s worth of business accounts, recent tax returns, or an SA302 form. We’ll guide you through the specifics during your consultation.
Do I need a large deposit to qualify?
Deposits vary, but with Jones & Young, we help secure flexible options to ensure affordability even if you don’t have a significantly large deposit. The minimum deposit is 5% with most lenders.
