SWG Mortgages

  When the borrower operates under a limited company, the business is legally considered separate from the mortgage applicant. This means that the applicant's personal and business benefits are examined separately. In this case, the lenders will focus primarily on the borrower's salary and dividend payments, so they need to be clear over the past few years. Business accounts are also reviewed to assess the borrower's reliability, so applicants should ensure that their account information is fully updated. But some lenders take net interest or accrued interest into account. This is the profit kept in the business instead of paying salaries. This issue should be carefully considered before applying to lenders. SWG Mortgage advisors are familiar with limited companies' performance and provide them with suitable limited company mortgages options with their thorough knowledge of lenders. With the guidance of SWG Mortgage advisors, you will be sure that you will receive

  In addition to checking personal credit, lenders also conduct a credit check on applicants' businesses. Business credit scores range from 0 to 100, with 100 representing the best possible score they can earn. Here are some suggestions on how to get the best mortgage rate. •          Impact of ratings on credit score - Borrowers should consider in advance how the credit rating process will affect their credit score. However, some companies conduct a credit check without affecting the applicants' credit score. •          Direct payment - Mortgage applicants should pay their bills with direct debit and use smart credit cards. It is also recommended to pay the balances in full at the time of invoice maturity. •          Closing unused credit accounts - Some lenders may disapprove of a larger overall credit limit. •          Payment of bills - Mortgage applicants must ensure that any bills are cleared. SWG Mortgage advisors provide the necessary guidance on how to impro