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 ...

  Sometimes mortgage applicants skip over the mortgage issues and ignore them, assuming they know everything about getting a mortgage . One of the most critical issues is the applicant's qualification for a large mortgage, which is one of the most complicated tasks, as lenders want to know if you can repay your mortgage. Mortgage terms vary depending on the mortgage type There is no one-size-fits-all approach, as some lenders may offer different answers to similar applicants. It depends on their risk-taking and their flexibility in repaying their mortgage plans. Therefore, getting a mortgage can vary depending on the mortgage type and from one bank to another. In other words, lenders' credit scoring thresholds are different, so their different behavior towards borrowers. On the other hand, not all lenders necessarily offer the same product or follow the same underwriting guidelines, so some may approve or reject a borrower's request. However, lenders' risk-taking ...