Will Having Multiple Companies Affect My Mortgage Application?

If you’re a director of more than one company, you might worry how that could complicate your mortgage application. The truth is: multiple directorships or business interests don’t automatically count against you – what matters is clarity, income proof and choosing the lenders who understand your structure.

Here’s how it works.

Do Multiple Companies Hurt My Application?

Not always. Some lenders prefer to see a clear, simple income stream. If you’re a director of several businesses, each with different income levels or ownership, it adds complexity – but it doesn’t mean automatic rejection.

Specialist lenders may accept multiple income sources, combining salary, dividends or profit shares from each company. The key is presenting your entire financial picture in a transparent, logical way.

If one business is new or dormant and another is profitable, lenders will often focus on the stronger one – as long as supporting documents back it up.

Do Company Directors Need a Bigger Deposit?

No – for the most part, directors face the same deposit rules as other applicants. As a rule, many lenders allow standard loan-to-value (LTV) ratios of up to 95%, even for directors.

That said, if your structure is complex (for example if it involves multiple companies, variable income or mixed dividends), choosing to put down a larger deposit can make your case stronger and open doors to more favourable rates or flexible lenders.

How Many Years of Accounts Do I Need for a Mortgage?

Lenders tend to prefer stability. Most require two or more years of company accounts to assess income reliability.

However, some lenders accept just one year’s accounts – especially if your latest figures are solid and supported by contracts, tax returns or dividends. In those cases, your choice of lender and how well you present your documents becomes critical.

To learn more about New Wave’s mortgages for directors of multiple companies, visit our Limited Company Director Mortgages page or Mortgages with Multiple Income page, or speak to one of our friendly self-employed mortgage specialists today; call 0203 794 5455 or drop us an email at hello@newwavefs.co.uk.