If we founded an incorporated business do we pull pay cheques from the company as an employee ?

Question

We are trying to qualify for a mortgage and it is really hard to with self-employment. We are incorporated. I read an article on-line that said since the company is a seperate entity we can apply for a mortgage with pay stubs as an employee would. Does anybody know about this process?

I'm looking for informative genuine responses! Thank you

Answer 1

If someone else does your books I would contact them

Answer 2

If you are a director in an incorporated company, you are not self-employed. You should be drawing a salary as an employee, and you would pay tax on your salary, like any other employee. If you are applying for a personal mortgage, you can use your payslips as proof of your personal income.