Looking for a mortgage? Are you self-employed? We can help you find a great mortgage for your financial circumstances.
It is surprising how often we speak to people and they don’t think they can get a mortgage because they are self-employed. The truth is that lenders are all too aware of the particular situation for self-employed people and have a pretty straightforward process in place to work out how much they would be prepared to lend. Whether you are a sole trader, a partner or a company director, there is a process by which you can obtain a mortgage. In the case of sole traders and partners, the main criteria considered are the individual net profits while for company directors it’s their salary and paid dividends that are looked at. Some lenders are aware that many business owners will not be drawing all of the money they are entitled to from the business and so will also accept the applicant’s share of net profits and salary.
Different lenders will vary the amount of time it is expected to provide evidence of income for. Most will look at the income received over the last two or three years and either average it out or take the most recent year as a basis for calculation. However, if you have a good profile, some lenders will make it possible to get a loan with just one year’s set of accounts.
We are a professional finance broker which means we don’t just help with self-employed mortgages but any type of mortgage you need. This could be First-time buyer mortgages, Buy to let mortgages, equity release mortgages and so much more. We base our service off clear, trustworthy, unparalleled and upfront service. This has made our business thrive during times where clients have needed more individual and specialist help. All of our staff are fully qualified, experienced and chosen based on their keenness to provide the best possible experience for our customers. We promise no pushy hard sale tactics and have built a strong reputation which is important as we rely heavily on referrals from clients.
Get in contact with us if you are interested in our advice and help to get you onto the property ladder.