Lucinda is a self-employed consultant with her own limited company, which she had been running for more than five years. She is single, with no dependants.
Why did Lucinda come to us?
Lucinda came to us as she was looking to buy her first property.
Because she lived a relatively low-cost lifestyle, Lucinda would withdraw minimal income from the business, preferring instead to maintain retained profits to keep her affairs tax efficient.
Her drawn income, in the form of salary plus dividends, was not enough to obtain the mortgage she needed.