The maximum borrowing calculated on self-employed home loan approvals could be trickier to determine but generally borrowing can be up to 5x earnings with a few expert loan providers.
Many mortgage brokers will ask exacltly what the income that is personal has through the company throughout the last three years. This earnings will have to be evidenced by either company records or tax statements (SA302 kinds) and company and bank that is personal.
The lender may have and in others they will need proof that your accountant has the required qualifications in some instances, you may also be asked to provide a reference from your accountant to verify any queries. Read more