Getting a Mortgage as an LLP Partner Shouldn’t Be This Complicated

You’ve earned your position through expertise, performance, and years of client work, so why does applying for a mortgage feel like you’re being assessed by someone who’s never seen a partnership agreement?

Whether you’re drawing income through an LLP, receiving profit share, or managing a hybrid pay structure, most lenders just don’t get it. And when they don’t understand, they decline or restrict you.

That’s when frustration kicks in.

Lenders Don’t Understand LLP Income

Most banks still operate as if everyone gets paid through a regular PAYE salary. When they see drawings, variable income, or retained profits, they misclassify you. Some treat you like a sole trader. Others average your earnings across bad years. Some insist you draw extra income just to “prove” affordability forcing you to pay unnecessary tax.

Your position in the firm, your capital account, your forecasted drawings which are often ignored and as a result, you’re offered less than you need, or worse – declined entirely.

If you’ve already been knocked back, or told you can’t borrow what you know you can afford, you’re not alone. The system wasn’t built for senior professionals like you. But we are.

We Specialise in Mortgages for LLP Partners

At Wallace Home Finance, we’ve worked with LLP partners from leading law firms, consultancies, and professional practices so we know exactly how your income works. Whether you’re being paid via drawings, profit share, or a combination of base and bonus, we know how to structure your case to reflect your true financial position.

We can work from your profit allocations, firm accounts, partnership agreements, and accountant summaries not just your latest personal tax return. We’ll match you with lenders who understand LLP structures and can lend on your actual income, not just what’s visible on a payslip.

As a whole-of-market broker with access to over 100 lenders, we’re positioned to secure you the right mortgage not just one that fits a rigid template.

We’ll Handle Everything – So You Can Focus on Your Practice

We know how demanding your schedule is. You don’t want to repeat yourself, chase paperwork, or waste time with underwriters who don’t understand your professional setup.

That’s why we handle everything, from packaging your case, liaising with the right lender, and managing the full process from enquiry to offer. You’ll work directly with a mortgage adviser who understands partnership structures, not a call centre.

Meet us over Zoom, evenings or weekends, whatever fits around your work. One conversation to explain your income. We take it from there.

Let’s Make This Simple

If you’re an LLP partner and want to secure a mortgage that reflects your real earning power without delays, confusion, or unnecessary tax exposure – Fill in our short enquiry form and we’ll call you back.

We’ll talk through your situation and show you your best options.

No hassle. No guesswork. Just expert mortgage advice built around how you’re really paid.