It was refused on financial ground.

I'm an IT contractor with my own limited company. Even though I gross about £140k on a yearly basis my accountant advised me to only pay myself 1k per month and take rest as director dividend to be tax efficient. this arrangement was made a while ago. so my paslip showed 12k total for year which is short of 18.5k required for VISA but I sent bank statements showing dividends payment issued to myself going in to my bank account but this was discounted because they want to see divident vouchers which I do not have.

Apart from that I sent evidence that I'm owner of 5 bedroom house and sent them recent 12 monts morgage statements all clean without any arrears.

But still the ECO officer did not believe i'm earning more than the 12k a year my payslips is showing. How is it possible to only earn 12k a year and still be able to keep up with 5 bedroom house morgage without going into arrears? I don't think the ECO officer bothered to ask himself this question.