Tips for increasing borrowing capacity for self employed
How to increase your borrowing capacity for self-employed
- Make the current year as profitable as possible as some banks will use just 1 year financials
- If approved by your accountant pay your partner a salary
- Have your tax return completed as soon as possible.
- Reduce or close any unnecessary credit cards or over drafts
- Pay out car leases if close to completion
- Review expenses including technology, utilities and subscriptions
Smoother experience as they have all your information.
Better understanding of your financials to provide tailored advice. 
Faster response compared to being matched with a new broker.
