Thanks for reply. Sorry I'm naieve on these terms. I am running my own business with my wife as a secretary, so we are just 2 in the ltd company.
I transferred some amounts of money into a personal saving account to save for a deposit for a new house.
I am applying for a mortgage, my accountant has recorded all the withdrawal I made as dividends.
I am wondering if I can change the dividends and record them as net profit, to increase the chance of getting a mortgage.
Samer, thank you for your reply.To be honest, your net profit would be greater than the dividends if the dividends are out of the same profit because net profit is before and provision for corporation tax and dividends payable/paid.Mortgage lenders normally look at net profits from the company accounts to assess lending when the person is running own company.I hope this is helpful.