Mortgage brokers have warned that higher tax rates on dividends introduced this year and corporation tax rises coming in 2023 will force a “sea change” in affordability for self-employed borrowers, with high-earning buyers possibly unable to remortgage or face being barred from borrowing what they previously could. Graham Cox, of specialist broker the Self-Employed Mortgage Hub, said: “The tax changes will make it tougher for company directors to get mortgages. The corporation tax rises will be a big sea change.” He added that this will trigger house price falls at the higher end of the market, saying: “People can't borrow as much, so they can't offer as much, and that is when prices come down.” Lewis Shaw of Shaw Financial Services said: “People at the top end of the housing market are often self-employed company directors. When corporation tax rises and they want to remortgage, their net income will be lower. All of these factors spell trouble for people who are highly leveraged. If things get bad, they might not be able to remortgage.” The Daily Telegraph
marcfaubeau
Comentários