General Mortgage Broking
What Do Lenders Use As Your Income When You’re Self-Employed?
10 min
If you’ve ever wondered how much money you could borrow you’ve no doubt found a lender’s borrowing capacity calculator, plugged in a few details and out spits a number – and if you're an employee for the most part that’s fine. There are a few wrinkles when it comes to casual employment, bonus', and regular overtime etc but generally PAYG income is what it is.
But business owner income. Ohh boy. Buckle up.