Getting a mortgage with profit not dividends?

[rich12]

Next year, I will hopefully be moving. Our profit will be more than what I am 'paying' myself so can I get a mortgage on the profits? I own 50% so realise it would work on 50% of the profit but can this be done?

If not, What is the best way to maximise my salary with paying as little tax as possible? I am currently withdrawing an amount where I pay no personal tax. What is the maximum I can take without being liable?

Found a few sites but they're all different figures.

[rich12]

Sarnie said:

Yes you can

Thanks.
Just didn't want to get penalised for not withdrawing enough.

If I was to currently own 50% now and say 70% of it in the next few months, would they care/know it's changed?

[rich12]

Thanks for the comments. I'm not going to waste Sarnie's time as it won't be for another year and a bit. I just wanted to know if I need to start taking more out of the business just to show 'income'.

I am wanting to leave as much money as possible in the business so we can continue to expand.